According to Jinshi Data, retail sales in the eurozone unexpectedly fell by 0.3% in June, and a consumption-driven economic recovery remains elusive. Despite easing inflation and rising wages, real incomes have increased, but retail sales have failed to grow for two consecutive months this year. Spending on food and other goods fell, while fuel sales grew. Consumer spending is expected to pick up in the second half of the year, with household confidence in July reaching its highest level since the Russia-Ukraine conflict, and the European Central Bank's second interest rate cut in September will ease credit costs and boost investment.