Retail Sales in Eurozone

Eurozone Retail Sales | Economic News & Forecasts

Eurozone - Retail Sales

Incoming data suggests that the Eurozone economy continued to grow steadily in the third quarter, although the pace of growth has levelled off notably this year after a stellar 2017. A tightening labor market and accommodative monetary policy are driving a solid recovery, reflected by the unemployment rate falling to a fresh multi-year low in August. That said, a firm euro and slowdown in global trade are weighing on the region’s exports, while data for the manufacturing sector has also been weak. Although industrial production broke a string of contractions and returned to growth in August, the composite PMI edged down in September, which suggests that the improvement was short-lived. Meanwhile, politics continues to cloud the currency bloc’s economy. In October, Italy’s unconventional coalition government unveiled a costly populist budget, setting the country up for a clash with the European Commission as it breaks the country’s agreement to rein in the fiscal deficit. In addition, Brexit negotiations continue to drag on, with the latest round of talks in October failing to result in an agreement.

Eurozone - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)-0.8  1.2  2.9  1.6  2.3  

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Eurozone Retail Sales Chart


Euro Retail
Note: Annual variation of retail sales in %.
Source: Eurostat and Met the why particular calculations.

Eurozone Facts

ValueChangeDate
Exchange Rate1.130.65 %Nov 15
Stock Market1,116-0.52 %Nov 15

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