Euro-zone retail sales for December were flat month on month, slightly better than the median forecast calling for a -0.2% contraction, while the year on year rate fell more than expected at -1.6% compared to a median forecast of -1.4%.

November sales data was revised lower to a -0.1% monthly fall from initial 0.6% rise, while annual drop was increased from -1.5% to -2.6%.