(Eurostat) Retail sales in the EU and euro area surpassed projected 4.4% growth to post an expansion of 4.6% in May.
The jump in retail sales in May follows a 3.9% decline in the euro area and 3.6% in the EU as economic reopening continued to bear fruits.
Compared to May 2020, retail sales rose by 9.0% in the euro area, while the EU posted a 9.2% sales jump.
Sales of non-food products, excluding car fuels, rose by 8.8% in May, after plunging by 6.1% in April, and were up 14.8% year over year.
Automobile fuel sales jumped 8.1% from April and were up 28.4% year over year.
Demand for food, drinks, and tobacco fell slightly as purchases were down by 0.2% from April, but gained 0.1% year over year.
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