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MNI: EUROZONE DATA: Retail Sales (Feb 2019) Review...>

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MNI: EUROZONE DATA: Retail Sales (Feb 2019) Review
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- EZ retail sales rose 0.4% m/m & 2.8% y/y in Feb, coming in just above market
expectations of 0.3% m/m
- January m/m figure revised down to 0.9% from 1.3%, following -1.4% in December
- Y/Y growth strongest since Nov 17 (3.6%)
- Belgium (1.6%) & Latvia (1.6%) register strongest monthly gains, while weakest
readings recorded in Slovakia (-1.5%) and Portugal (-1.0%)
- Main driver of monthly rise in sales was non-food products (0.9%), while food
also contributed marginally positively (0.1%)
- Fuel sales declined by 0.7% m/m after a strong jump in January (1.5%)
- Consumer spending remains on track to contribute positively to Q1 GDP growth,
helping to offset ongoing industrial drag

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