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Eurozone retail sales dip 0.5% in August; EU Q2 current account surplus narrows

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Eurozone retail sales dip 0.5% in August; EU Q2 current account surplus narrows

Eurozone retail sales dropped by a seasonally adjusted 0.5% in August, Eurostat said.

In the 12 months ending in August, the eurozone's calendar-adjusted retail sales index advanced by 1.2%, it said.

The August retreat in retail sales in the euro area, which came after a 0.3% drop in July, was driven by declines of 0.9% for automotive fuel, 0.4% for non-food products and of 0.3% for food, drinks and tobacco.

In a separate data set, the EU recorded a seasonally adjusted current account surplus of €41.9 billion in the second quarter, down from a surplus of €49.4 billion, or 1.3% of GDP, quarter over quarter and from a surplus of €58.6 billion, or 1.6% of GDP, year over year.