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Eurozone retail sales roughly stable in August

03 October 2008, 10:52 CET

(BRUSSELS) - Retailers in the 15 countries sharing the euro saw roughly stable demand in August despite growing uncertainty about the economy, official EU data showed on Friday.

The volume of retail sales in the eurozone rose 0.3 percent in August over one month and fell 1.8 percent over one year, the European Union's Eurostat data agency said.

The result was little changed from July when retail sales rose 0.1 percent over one month and also fell 1.8 percent over one year, revised data showed.

Economists had forecast retail sales to rise 0.2 percent over one month and fall 2.3 percent over one year.

In the 27-nation EU, retail sales were up 0.4 percent in August from July and eased 1.8 percent over 12 months.

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