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Eurostat released its retail sales data for the Eurozone on Thursday. Retail sales in the Eurozone fell 0.1% in October, missing expectations for a 0.2% rise, after a 0.1% decline in September.
The decline was driven by lower food, drinks and tobacco sales and automotive fuel sales. Food, drinks and tobacco sales slid 0.5% in October, while automotive fuel sales declined 0.4%.
Non-food sales increased 0.1% in October.
On a yearly basis, retail sales in the Eurozone climbed 2.5% in October, missing forecasts of a 2.7% gain, after a 2.9% increase in September.
The annual rise was driven by non-food sales, gasoline sales, and food, drinks and tobacco sales.
Non-food sales gained 3.5% year-on-year in October, gasoline sales increased 3.1%, while food, drinks and tobacco sales rose 1.1%.
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