Retail Sales in Eurozone
Eurozone - Retail SalesIncoming 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
|Retail Sales (annual variation in %)||-0.8||1.2||2.9||1.6||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Retail Sales Chart
Source: Eurostat and Met the why particular calculations.
|Exchange Rate||1.13||0.65 %||Nov 15|
|Stock Market||1,116||-0.52 %||Nov 15|
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November 16, 2018
According to complete data released by Eurostat on 16 November, harmonized inflation came in at 2.2% in October, matching the preliminary estimate.
November 14, 2018
Industrial output contracted in September, falling a seasonally-adjusted 0.3% over the previous month.
November 14, 2018
A more complete dataset confirmed that the Eurozone economy lost traction in the third quarter.
November 6, 2018
Leading data suggests that the Euro area’s economic momentum lost steam in October.
October 31, 2018
According to preliminary data released by Eurostat on 31 October, harmonized inflation came in at 2.2% in October, up from September’s 2.1%.