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Eurozone retail sales edge down in January

The seasonally adjusted volume of retail sales in the eurozone slipped by 0.1% in January compared to a revised 1.0% decline in December 2017, Eurostat data showed.

The bloc's calendar-adjusted retail sales grew by 2.3% year over year in January.

The monthly drop is attributed to a 0.3% decline in nonfood products and a 0.2% contraction for food, drinks and tobacco. Automotive fuel, however, rose 0.1%.

Meanwhile, nonfood products jumped 3.8%. Food, drinks and tobacco rose 0.8% and automotive fuel increased 0.2% year over year.