Free Trial

EZ Retail Trade broadly in-line with expectations

EUROZONE DATA

On a monthly basis, Eurozone volume of retail trade was down -0.3% M/M in November (vs -0.3% M/M consensus, +0.4% M/M revised prior from +0.1% M/M). The upward revision to the October data saw the Y/Y print come in a slightly higher than consensus at -1.1% Y/Y (vs -1.5% Y/Y consensus, -0.8% Y/Y revised prior from -1.2% Y/Y).

  • All subcomponents except fuel saw a fall in volume of retail trade M/M with "Non-food products (except automotive fuel)' partially reversing October's gain (-0.4% M/M vs +1.0% M/M prior), as well as reductions in "Food, drinks tobacco".
  • Of the major eurozone members: Germany saw the biggest M/M decline (-2.5%) while France (+0.4%), the Netherlands (+0.1%) and Spain (+1.5%%) all saw monthly increases.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.