Euro zone February retail sales muted as non-food purchases cut

| April 5, 2018

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BRUSSELS (Reuters) - Euro zone sales increased at a slower rate than expected in February as shoppers cut back on non-food purchases and figures for January were revised down, indicating a slowdown of business in the bloc’s high streets at the start of the year. The European Union’s statistics office Eurostat said on Thursday that retail sales in the 19 countries sharing the euro rose by just 0.1 percent month-on-month for a 1.8 percent year-on-year increase. Economists polled by Reuters had expected a 0.5 percent monthly rise and a 2.1 percent annual gain. Eurostat also cut its figures for January to -0.3 percent on the month and to 1.5 percent year-on-year from the previous estimates of -0.1 and 2.3 percent respectively. Food, drink and tobacco sales grew after a month-on-month contraction and year-on-year stagnation in January.

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For over 50 years our goal has been to offer the best coffees & teas in the world, without compromise. We've learned that the secret to great coffee is the people who make it, and we apply the same care in selecting and preparing our teams as we do when crafting the perfect cup. Collectively, we foster a culture based on authenticity that inspires people to unleash their unique, personal passions and expertise toward achieving our vision and mission. It takes talent and dedication from hundreds of Peetniks to make a single cup of Peet's coffee. Our values guide us on this journey. Join us!

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