The 0.1% m/m increase in euro-zone retail sales in November was a little worse than expected and follows a fall in sales of 0.3% in October. This suggests that aggregate retail sales may have declined in the final quarter of last year and underlines that the recovery following the pandemic has been disappointing. Indeed, total sales remain well below their November 2021 peak and their pre-pandemic trend.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.