Wed, 03 Jul 2013 12:38:15 GMT
Euro area May retail sales recover more than predicted
Retail sales in the Euro block advanced in May, following a decline in sales for three consecutive months, and the rate of economic expansion overshot expectations. Retail sales inched up 1% in May, rebounding from April's 0.2% declined. Sales of drinks, food and tobacco jumped 0.9% in May, and trade in the non-food area also rose 0.9%.