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EZ Dec Retail Sales Rebound To 4-Month High

EUROZONE DATA
MNI (London)

EZ DEC RET SALES +2.0% M/M, +0.6% Y/Y; NOV -5.7% M/M


  • M/M retail sales rose 2.0% in Dec, coming in slightly stronger than markets expected (BBG: 1.6%), while y/y sales grew 0.6% after falling by 2.2% in the previous month.
  • Over the year of 2020, sales were down 1.2% compared to 2019
  • Dec's increase was broad-based with every major category recording a monthly gain.
  • Food, drinks and tobacco sales ticked up 1.9% in Dec after falling 2.2% in Nov, while sales of non-food products rebounded to 1.5%.
  • Within non-food products, sales of clothing and footwear saw the largest increase, rising by 12.4% after Nov's 30.5% drop.
  • Automotive fuel sales recovered to 5.1% in Dec, up from -10.2% recorded in the previous month.
  • Among the member states, the largest m/m gains were observed in France (+22.3%), Belgium (+15.9%) and Ireland (+11.4%), while Germany (-9.6%), Lithuania (-6.2%) and Latvia (5.7%) posted the largest declines.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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