Euro Zone Retail Sales Dragged Down By German Slump In December | 1/25/2018 | Staff
cv2angels (Posted by) Level 3
BRUSSELS (Reuters) – Euro zone retail sales fell as expected in December as non-food sales and online purchases in particular declined, dragged down by the steepest decline in shopping in Germany in 11 years.

The European Union’s statistics office, Eurostat, said on Tuesday that retail sales in the 19 countries sharing the euro were down 1.6 percent month-on-month in December, in line with the average forecast in a Reuters poll of economists.

Trade - Percent

Year-on-year, retail trade rose by 0.8 percent.

The monthly decline, which wiped out the 0.8 percent gains of October and November, reinforces the sense of an economy slowing at the close of the year.

Eurostat - Week - Zone - Economy - Quarter-on-quarter

Eurostat reported last week that the euro zone economy rose by just 0.2 percent quarter-on-quarter in the final three months of 2018, matching the...
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