Retail Sales In Third Quarter 'Disappointing' To Date, Says ING

Retail sales in the euro zone have 'disappointed' so far in the third quarter of the year, with a modest 0.1% increase in volumes for July indicating that the sector 'continues to flatline', an ING analyst has said. Bert Colijn, senior economist, euro zone, at ING, was commenting following the publication of Eurostat figures that indicate a slight increase in month-on-month trade volumes in both the EU (+0.2%) and euro area (+0.1%) in July, while year-on-year retail volumes are up …