Eurozone Retail Sales Stable In December

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Eurozone retail sales remained unchanged on a monthly basis in December, compared to the 0.5% decline in the previous month, a report by Eurostat showed on Wednesday. Retail sales figure for November was revised from 1.2% fall estimated initially. Economists expected a 0.4% increase for December.

Year-on-year, retail sales dropped 1.6% in December, after falling 2% in November, revised from 4% decline reported initially. Economists were looking for a decline of 2.4%.

For the year of 2009, the average volume of retail sales fell 2.3% from the previous year.

In EU27, retail sales dropped 1% on an annual basis and was down 0.1% compared to the preceding month.

Eurozone retail sales remained unchanged on a monthly basis in December, compared to the 0.5% decline in the previous month, a report by Eurostat showed on Wednesday. Retail sales figure for November was revised from 1.2% fall estimated initially. Economists expected a 0.4% increase for December. (Market News Provided by RTTNews)