Retail Sales Take Another Dive in the Eurozone - Forex News by FX Leaders
Retail sales plunged in Europe in December

Retail Sales Take Another Dive in the Eurozone

Posted Wednesday, February 5, 2020 by
Skerdian Meta • 1 min read

The retail sales report for December was released a while ago from the Eurozone and it looked pretty bad. In October, sales declined by 0.6%,but we saw a decent increase of 1.0% in November. Although, that was revised lower today to 0.8%. The report for December was horrible though. Below are the figures:

  • Eurozone December retail sales -1.6% vs -1.1% m/m expected
  • Prior +1.0%; revised to +0.8%
  • Retail sales YoY +1.3% vs +2.3% expected
  • Prior +2.2%; revised to +2.3%

The big drop in the monthly reading comes after stronger sales activity in November due to Black Friday sales. That said, the annual reading also isn’t that spectacular. But this is a lagging data point as we already had euro area Q4 GDP data last week. The Euro continues to slide lower.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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