Latest data released by Eurostat 5 Dec 2017
- October retail sales +0.4% vs +1.5% y/y expected
- Prior m/m reading revised to +0.8% from +0.7%
- Prior y/y reading revised to +4.0% from +3.7%
Slightly disappointing set of numbers from the Eurozone as a whole. The decline was mostly led by a fall in food, drinks, and tobacco. Among others, textiles as well as non-food products posted a heavy drop as well.
Full report here.
Headline numbers surely will take the shine off of the positive revisions. It's only a minor data point for the Eurozone - though the number can be a bit volatile. However, the -1.1% m/m is the worst month-over-month reading since 2013.
EUR/USD still hovering around the 1.1850 level, now just above it at 1.1853.
