Eurozone retail sales in January +0.2% vs. +1.3% m/m expected

  • Before -3.0%
  • Retail sales +7.8% vs +9.1% y/y expected
  • Before +2.0%

A weaker-than-expected rise in eurozone retail sales, with the report showing the slowdown stemmed from lower fuel sales and moderation in food and online spending. I would say in part that higher inflation costs also seep into the economy, dampening consumer activity and consumer purchasing power.


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