Eurozone June Retail Sales See a Slight Monthly Rise

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Retail sales in the eurozone came in better than expected, but growth fell off sharply from the previous year, as consumers in the region struggled with the effects of the economic downturn.

The EU statistics agency Eurostat reported Friday that retail sales volume in the 17-nation euro zone saw a 0.1% monthly rise in June. However, it but fell 1.2% compared to the same month last year. Economists surveyed by Dow Jones Newswires had forecast a 0.1% monthly drop and a 1.8% year-on-year decline.

Sales in Germany, the largest economy in the eurozone, fell 0.1% in June from the previous month. That was its third monthly decline in a row.

Eurostat also revised May eurozone retail sales higher to show a 0.8% monthly rise. The initial estimate was a 0.6% monthly rise.

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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