Eurozone November retail sales +1.0% vs -0.5% m/m expected

  • Latest data released by Destatis - 7 January 2022
  • Prior +0.2%; revised to +0.3%
  • Retail sales +7.8% y/y
  • Prior +1.4%; revised to +1.7%

A surprise growth in euro area retail sales, indicating that consumer demand is still somewhat holding up going into year-end. That despite omicron risks, though we'll see how the fresh restrictions may impact conditions in December.

EU retail 11-2021
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