Thu, 05 Jul 2012 06:33:39 GMT
Eurozone retail sales accelerated in May
Retail sales in common currency area unexpectedly surged in May, as improvement in France, Ireland and some other countries managed to offset the falling demand in Germany. Sales climbed monthly 0.6% in May compared to a 1.4% drop in April. Economists predicted the indicator to remain flat. On yearly basis, however, sales have declined by 1.7%.