Eurozone October retail sales -0.6% vs -0.5% m/m expected

Latest data released by Eurostat - 5 December 2019

• Prior +0.1%; revised to -0.2%
• Retail sales +1.4% vs +2.2% y/y expected
• Prior +3.1%; revised to +2.7%

Not the brightest of starts to Q4 as retail sales slumped a little more than expected. Add this to the struggle seen in trade, it makes for more sluggish growth to expected in the euro area economy towards the end of the year.