- Prior +1.0%
- Retail sales +2.0% vs +5.1% y/y expected
- Prior +7.8%
Euro area retail sales were much weaker than estimated in December as rising consumer inflation may be starting to take a toll on spending/consumption despite it being the Christmas shopping season. Retail sales of non-food products fell by 5.2% on the month while internet sales were seen down 3.9% on the month.