✉news BusinessRetail first seen 23 h ago, last 23 h ago, peak #36

Euro area retail sales rise 0.8% year on year, missing estimates

Original: Euro Area retail sales rise 0.8% Y/Y, below estimates

Retail sales across the euro area grew 0.8% year on year, falling short of analyst expectations. The softer-than-expected figure points to weaker consumer spending in the bloc, feeding debate about the outlook for eurozone growth and whether the European Central Bank may need to reconsider the timing of further policy support.

Why now: The disappointing consumer spending data affects expectations for eurozone growth and European Central Bank policy.

Euro AreaEuropean Central Bank

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Evidence

• Euro Area retail sales rise 0.8% Y/Y, below estimates · TradingView

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