Latest data released by Eurostat - 5 November 2021

  • Prior +0.3%; revised to +1.0%
  • Retail sales +2.5% vs +1.5% y/y expected
  • Prior 0.0%; revised to +1.5%

A surprise drag for euro area retail sales in September, largely due to underperformance in Germany and weaker non-food sales overall. The notably higher revision in August also didn't quite help with the month-on-month volatility perhaps.