Eurozone October retail sales -1.8% vs -1.7% m/m expected<ul><li>Prior +0.4%; revised to +0.8%</li><li>Retail sales -2.7% vs -2.6% y/y expected</li><li>Prior -0.6%; revised to 0.0%</li></ul><p style="" class="text-align-justify">Euro area retail sales were weaker than anticipated in October but that comes after a bit of a positive revision for September. In any case, the dip continues to highlight weakening demand conditions - which has become more prevalent in Q4, suggesting that a recession is likely in the works.</p>
This article was written by Justin Low at forexlive.com.
Source: Eurozone October retail sales -1.8% vs -1.7% m/m expected (https://forexlive.com/news/eurozone-october-retail-sales-18-vs-17-mm-expected-20221205/https://forexlive.com/news/eurozone-october-retail-sales-18-vs-17-mm-expected-20221205/)
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