Retail Sales MoM (Eurozone) - Economic Calendar - Strategia Forex
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Retail Sales MoM (Eurozone)

Retail Sales Turning Negative Again in Europe

Starts Thursday, December 3, 2020 at 10:00
Updated Thursday, December 3, 2020
In 2019, retail sales showed some volatile numbers, increasing by 0.3%  and 0.6% in October and November, having come from three negative months. Although, they turned negative again in December and posted a massive 1.6% decline. That was revised slightly lower in the following month to -1.4%, but it was a big decline nonetheless. But, retail sales reversed again and jumped 1.3% higher in January and by 0.4% in February which brings us back into positive territory. Sales have been fluctuating since then, being negative thrice and positive twice in the last five months up to August. They increased by 0.3% that month after a decline of 0.6% in July. But, August's number was revised higher to 1.1%, although in September the growth slowed to just 0.1%, while the next report showed that sales declined by 0.6% again in October. Sales remained volatile until March, when they posted a massive 11.2% decline due to the lockdown. In April, sales were expected to decline further, by 18%, but the decline was smaller at -11.7%. In May they surged 17.8% higher as the continent reopened, while in June the increase slowed to 5.7%. But, sales turned negative in July, declining by 1.3%, which shows another slowdown in the economy. They increased in August by 4.4%, but as coronavirus restrictions increase again they turned negative and fell by 2.0% in September.

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About Retail Sales MoM (Eurozone)
Change in the total value of inflation-adjusted sales at the retail level. Released monthly, about 35 days after the month ends. Tends to have a relatively muted impact because Germany and France, which account for about half of the Eurozone's economy, release earlier consumer spending data. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
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