Latest data released by Eurostat - 5 February 2019
- Prior +0.6%; revised to +0.8%
- Retail sales +0.6% vs +0.5% y/y expected
- Prior +1.1%; revised to +1.8%
Consumption activity suffered as it is mostly dragged down by the biggest slump in German retail sales in more than 11 years as seen last week here. The drop here basically erases the gains posted in October and November, and reinforces the notion that the economy slowed further towards the close of 2018.
