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Eurozone Retail Sales decline 2.7% YoY in October

Adel 5 December, 2022 3:40 pm Market Update

Eurozone’s Retail Sales dropped by 1.8% MoM in October versus -1.7% expected and 0.8% last, the official figures released by Eurostat showed on Monday.

On an annualized basis, the bloc’s Retail Sales came in at -2.7% in October versus 0% recorded in September and -2.6% consensus forecast.

The euro shrugs off the downbeat Eurozone data amid a renewed US dollar weakness across the board. At the time of writing, the major trades at 1.0556, up 0.16% on the day.

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