According to the European Union statistics agency Eurostat the volume of sales have dropped 0.1% after a 0.2 drop in February. The retail across the eurozone has dropped for the second time in March.
Reports show a worse than expected 24% drops which has got economist worried about the eurozone economic growth.
The European Commission forecast last week showed that euro-area growth would possibly shrink by 0.4%.
The Eurostat data reports that Spain saw the biggest fall with their retails, which came down to 10.5% compared to last year.
Eurostat shows that there was all spending on items such as clothed and electronics n the 17- nation euro bloc.
The unemployment rate is expected to hit an average of 12.2 later this year according to analysts.
Consumers show concerns for the European Central Bank which lowered benchmark interest rate to a record low of 0.5 last week.
Countries of the eurozone are expected to ease up and come together to ease up on austerity measures, fears and precise budget cut hindering growth
France’s finance minister Pierre Moscovici said on Monday that the dogma of austerity was over.
He told French radio that a more “responsible attitude” to austerity budget cuts was now in place
The euro-area services PMI rose to 47 in April to 46.4 in March. Improving on the initial estimate of 46.6.
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