Eurozone, modest recovery in retail sales in July

IGD Intesa cuts target price and confirms Hold

(Finance) – Modest growth for retail sales in the Eurozone in July. According to Eurostat, sales rose by 0.1% on a monthly basis, in line with the consensus, recovering the 0.4% decline recorded the previous month (revised from -0.3%).

On an annual basis, sales recorded a negative variation of 0.1% compared to -0.4% in the previous month and the +0.1% indicated by the consensus.

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