Investing.com - Retail sales in the euro zone fell more-than-expected in December, underlining concerns over the region’s economic outlook, official data showed on Tuesday.
In a report, Eurostat said retail sales declined by a seasonally adjusted 0.8% in December, worse than expectations for a 0.5% fall.
Retail sales for November were revised to a 0.1% decline from a previously reported gain of 0.1%.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 3.4% in December from a year earlier, compared to expectations for a 1.4% decline, after declining 1.9% in November.
Following the release of the data, the euro trimmed gains to trade little changed against the U.S. dollar, with EUR/USD easing up 0.04% to trade at 1.3519.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 added 0.2%, France's CAC 40 rose 0.15%, London’s FTSE 100 eased up 0.3%, while Germany's DAX dipped 0.2%.
In a report, Eurostat said retail sales declined by a seasonally adjusted 0.8% in December, worse than expectations for a 0.5% fall.
Retail sales for November were revised to a 0.1% decline from a previously reported gain of 0.1%.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 3.4% in December from a year earlier, compared to expectations for a 1.4% decline, after declining 1.9% in November.
Following the release of the data, the euro trimmed gains to trade little changed against the U.S. dollar, with EUR/USD easing up 0.04% to trade at 1.3519.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 added 0.2%, France's CAC 40 rose 0.15%, London’s FTSE 100 eased up 0.3%, while Germany's DAX dipped 0.2%.