• Prior +0.8%; revised to +1.2%
  • Retail sales -2.8% vs -2.7% y/y expected
  • Prior -2.8%; revised to -2.5%

That's a notable drop in euro area retail sales towards the end of last year with the volume of retail trade decreasing by 2.9% for food, drinks and tobacco and by 2.6% for non-food products, while it grew by 2.3% for automotive fuels. As a whole for 2022, retail trade in the region grew by 0.7% - in which the figure could have been better if not for higher inflation surely.