Economic Buzz: Eurozone Retail Sales Edge Higher In March

Eurozone retail sales edged up 0.1 percent month-on-month in March, slower than Februarys 0.3 percent increase, largely on weak non-food product sales, data from Eurostat showed Friday. This was also slower than the expected growth of 0.5 percent. Sales of food, drinks and tobacco gained 0.2 percent on month, following a 1 percent rise in the previous month. Meanwhile, non-food products sales dropped 0.5 percent each in February and March. On a yearly basis, growth in retail trade volume eased to a 5-month low of 0.8 percent from 1.8 percent in February. Sales were expected to grow 1.9 percent.