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Eurozone retail sales dropped in November

EURUSD News by Newsroom on 07:49 January 06, 2017 EST

Retail sales in the 19 countries sharing the euro fell a seasonally adjusted 0.4% in November, reversing a 1.4% rise in October, which was revised up from the 1.1% gain previously reported.

Car fuel sales went up by 1 per cent in the month, the only component of the reading that recorded a rise.

On a yearly basis, retail sales growth eased to 2.3% in November from 3.0% in the prior month, revised from 2.4%. However, it was above the 1.9% climb expected.

The highest monthly decreases in total retail trade were noted in Germany, Austria, Portugal and Denmark.