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Euro zone shoppers are opening their wallets, but a full recovery is a distant dream
Posted By kit On October 4, 2013 @ 4:02 pm In Global Crisis | Comments Disabled
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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