Eurozone Retail Sales surge by 2% in December

Retail Sales in the euro area rose by 2% on a monthly basis in December, the data published by the Eurostat showed on Thursday. This reading followed November’s contraction of 5.7% and came in better than the market expectation of 1.6%. On a yearly basis, Retail Sales increased by 0.6% in 2020.

Further details of the publication revealed that Retail Sales in the European Union expanded by 1.4% in December.