Retail sales in the euro zone increased by 1.1 percent on a monthly basis in June. The European statistics agency Eurostat reported this. It is the strongest increase since the end of 2017.

Economists generally expected an increase of 0.3 percent. In May, retail sales in the euro area declined by a revised 0.6 percent.

Retail sales across the European Union climbed 1.2 percent in June, after falling 0.7 percent a month earlier.

Producer prices in the eurozone fell by 0.6 percent in June compared to a month earlier. The European statistical office Eurostat announced this.

Economists generally expected a decrease of 0.3 percent. In May, prices charged by manufacturers in the euro area fell by 0.1 percent.

Producer prices across the European Union also fell by 0.6 percent in June compared to a month earlier, according to Eurostat.

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