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Eurozone October retail sales -1.8% vs -1.7% m/m expected
- Prior +0.4%; revised to +0.8%
- Retail sales -2.7% vs -2.6% y/y expected
- Prior -0.6%; revised to 0.0%
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.
This article w... Read More Posted: Dec 5 2022, 10:00
Author Name: forexlive
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