• 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.