Eurozone retail sales fall 3.8% in March

Retail sales in the eurozone fell by 3.8% in March and an annual basis, worse than the 3.1% forecast as the cost-of-living crisis continues to hit consumer spending power, according to official data released on Friday.

Sales fell 1.2% on a month-on-month basis.

"Retail continues to struggle with the loss of consumer purchasing power and a shift in preference away from goods and towards services, now that the Covid-19 pandemic has ended," said analysts at ING.

Reporting by Frank Prenesti for Sharecast.com