Sigmanomics — The Market Forecast Engine

Euro Area Retail Sales Fall 0.2 Percent in March, Match Forecast

The Euro Area reported retail sales declining by 0.2% month-over-month in March 2026, in line with the consensus estimate of -0.2%. March’s figure marks a further decrease from February’s revised -0.1%, reflecting a continued softening in consumer spending. This latest reading extends the recent trend of weak retail activity, with sales remaining below the 12-month rolling average of -0.47%. The decline was mainly driven by lower sales in non-food products, offsetting modest gains in food and fuel categories. Compared to the same period last year, retail sales remain subdued, highlighting persistent headwinds from high inflation and cautious consumer sentiment across the Euro Area. Market participants now await the European Central Bank’s next policy meeting and upcoming inflation data for further direction. Updated 4/8/26