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Investing.com -- Retail sales growth in the eurozone slowed further in July, according to data released by Eurostat on Thursday, raising questions about whether consumer spending can continue to offset potential economic impacts from U.S. tariffs.
Sales in the 20 nations sharing the euro declined by 0.5% month-over-month, a sharper drop than the 0.2% decrease economists had anticipated. On a year-over-year basis, retail sales increased by 2.2%, falling short of the 2.4% growth forecast.
The weaker-than-expected figures come as the eurozone faces external pressures, including the potential economic impact of U.S. tariffs, which many had hoped could be counterbalanced by robust domestic consumption.
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