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MNI: EUROZONE DATA: Retail Sales (Apr 2019)..........>

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MNI: EUROZONE DATA: Retail Sales (Apr 2019) Preview - 10:00 BST
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- Bloomberg Consensus: -0.5% m/m, 1.5% y/y; MNI Median: -0.5% m/m; Previous
(Mar): 0.0% m/m, 1.9% y/y
- Retail sales anticipated to have declined m/m in Apr for the first time this
year 
- Available state-level data supports market expectations
- While sales rose by 1.2% m/m in France...
- ... they fell by 2.0% in Germany & 0.4% in Spain
- Although the European Commission's retail trade confidence indicator lost some
ground in Apr & May, it remains far above its series average
- Consumer confidence, meanwhile, reached its highest level in six months in May
- With unemployment having fallen further and real wages increasing, household
consumption should be a key driver of EZ economic growth this year 

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