Retail sales in the eurozone declined further in July, according to Eurostat data released Thursday, sparking concerns about whether consumer spending can continue to cushion the economy from potential fallout linked to U.S. tariffs.
Sales across the 20 euro-area countries fell 0.5% month-over-month, steeper than the 0.2% drop predicted by economists. On an annual basis, retail sales rose 2.2%, missing expectations for 2.4% growth.
The softer-than-anticipated figures come amid external pressures on the eurozone economy, including uncertainty over U.S. tariffs, which many had hoped could be offset by strong domestic consumption.
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