Euro Zone Retail Sales Unexpectedly Fall in September
Euro zone retail sales unexpectedly fell in September, challenging expectations for a consumption-led recovery and offsetting other mildly positive news from the 20-nation currency bloc, data from Eurostat showed on Thursday.
Retail trade fell by 0.1% on the month in September, coming short of expectations for a 0.2% rise, while sales were up 1.0% compared to a year earlier, in line with expectations.
Euro zone households are sitting on ample savings and the European Central Bank has long expected them to start running these down in a boost to growth...
To Read Full Story Login Below.