Retail sales in the eurozone edged just slightly higher in April from March, coming in shy of forecasts, but the previous month’s figure was revised sharply higher.

Volume of retail trade increased 0.1 per cent month on month in April, according to Eurostat, the eurozone’s statistics body. The figure was far short of the 0.5 per cent consensus forecast in a Reuters poll of economists. On a year on year level, retail sales grew 1.7 per cent.

The month on month figure from March was revised up to 0.4 per cent from 0.1 per cent, according to Eurostat.

In April, a 1.7 per cent rise in non-food products was offset by a 0.7 per cent fall in the foods, drinks and tobacco category and a 0.8 per cent dip in automotive fuels.

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