Eurozone retail sales tumble


Putting a dampener on any optimism that may have been engendered by more encouraging eurozone PMI data, Eurostat reports that retail sales volumes in the bloc slumped a greater-than-expected 1.6% on month in December after rising 0.9% in November. Consensus was for a drop of 0.5%.

On year, sales -1% vs +1.3% prior and forecasts of +1.5%.

The euro is -0.1% at $1.3507. (PR)

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Comments (2)
  • june1234
    , contributor
    Comments (4261) | Send Message
     
    They had forecast a yr over 1.5% growth but ended up with -1%. Sounds like they need some new forecasters
    5 Feb 2014, 06:22 AM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2083) | Send Message
     
    First I rec'd this article saying how retail sales plummeted, and then the following right after. I think both came in at the same time.
    http://bit.ly/1dsUGs5
    Now this one comes in a few moments later.
    http://bit.ly/1dsUGs5
    So what is happening? Just business as usual, some up today, some down and so on and so forth. I mean, why bother unscrewing all the news?
    And you wonder why the EUR/USD rises and falls like the temperature on Mars.
    I'm goin' for a boat ride.
    Capt. Brian
    The Lost Navigator
    6 Feb 2014, 11:10 AM Reply Like
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