Euro zone shoppers are opening their wallets, but a full recovery is a distant dream

Jason Karaian
October 4, 2013

Retail sales in the euro zone posted surprisingly strong growth in August, according to data released today (pdf).

The level of shopper zeal surpassed expectations, with August sales rising by 0.7% versus the previous month.

The increase was paced by Spain and Portugal, of all places, with August sales in the recession-riddled, unemployment-addled Iberian neighbors rising by 3.8% and 4.8%, respectively.

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