The eurozone's retail sales rose less than anticipated in January due to rising interest rates and high inflation.
According to Eurostat data released Monday, retail sales volumes increased 0.3% in January. This partially offsets a revised drop of 1.7% in December.
The reading fell below the 0.5% increase forecast by economists in a poll by The Wall Street Journal.
On an annual basis, the volume of retail sales was down 2.3% in January, Eurostat said.
The rise in sales was driven by food, drinks and tobacco, which together registered a 1.8% on-month increase in January, but Eurostat's measure for automotive fuels fell 1.5%.
However, the economy's weak momentum is likely to cause a disappointing first quarter in 2023 in terms of both retail sales and overall consumer spending, according to economists at Oxford Economics in a note before the data release.