Retail Growth Drops But Beats Eurozone Expectations

Protect your business with Shop Insurance in difficult economics times

Although figures reportedly beat the predictions of market analysts, Eurostat has offered some gloomy news for those retail sectors that are within the Eurozone.

Sales actually rose 0.1% despite predictions that the figure would remain flat, however, annual figures fell 1.2% and a further 123,000 people found themselves unemployed in June compared to May. This represents 11.2% of the working population of the Eurozone and is the highest level of unemployment since the country’s currencies were unified.

The economic crisis in the Eurozone has seemingly continued to worsen and while the retail index can prove a difficult pointer to follow it does, at least, give some indication of sentiment within the markets.Ireland saw the worst declines of 2.2% while Slovenia enjoyed the greatest increases of 2.4%. Germany, who boast the largest economy in the sector, fell 0.1% compared to figures from May.

As a retailer and shop owner it is important that you have a selection of financial and insurance products to help protect your livelihood and your business. With shop insurance from The Insurance Octopus you can protect your shop premises, stock and fittings, and your reputation.

Call us today to discuss your needs and to have a quote tailored specifically to your needs.