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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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Retail sales in the eurozone in December fell 1.6%, worse than forecast

February, 05 2020
watermark Economic news

According to the European statistical agency Eurostat, retail sales in the eurozone in December fell by 1.6% compared with November. Analysts had expected a decline of 0.9% month-on-month.

On an annualized basis, retail sales in the eurozone in December increased by 1.3%, although analysts had expected growth of 2.4%.

In all EU countries, retail sales in December decreased by 1.3% compared with November, and year-on-year – increased by 1.9%.

The largest annual sales growth in December was recorded in Hungary (+ 6.1%), Romania (+ 8.5%), as well as in Malta (+ 5.9%). The decrease was recorded in Slovakia (-2.5%), Slovenia (-6.6%) and Finland (-1.6%).

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.