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Eurostat released its retail sales data for the Eurozone on Wednesday. Retail sales in the Eurozone fell 0.2% in February, missing expectations for a 0.1% decrease, after a 0.9% gain in January. January's figure was revised down from a 1.1% rise.
The decline was driven by lower gasoline sales and lower sales of food and drinks.
On a yearly basis, retail sales in the Eurozone rose 3.0% in February, after a 3.2% increase in January. January's figure was revised down from a 3.7% gain.
As oil prices have stabilised in recent months, the households spending sank.
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