Retail Sales in Eurozone

Eurozone Retail Sales | Economic News & Forecasts

Eurozone - Retail Sales

Detailed data confirmed that broad-based malaise drove the Eurozone economy to slow notably in the third quarter, with growth recording the softest reading in four years. Notably, export growth contracted amid cooling global trade, while the industrial sector was also hurt as the automobile sector was disrupted by new emissions tests. Available data for the fourth quarter points to mixed momentum. In October, industrial production rebounded and the unemployment rate was stable. However, sentiment slid in November and the composite PMI plunged to a four-year low in December. In the political arena, European leaders agreed to make a common-budget for the Eurozone on 14 December, accepting a slimmed-down version of an idea touted by French President Emmanuel Macron. The budget would be used to spur investment and reduce economic disparity among economies and is a sign of renewed life in Eurozone reforms. Most of the difficult decisions regarding the budget, including its size, have yet to be agreed upon and a proper proposal is expected in June. The budget could face lengthy negotiations to pass given the differing views among heads of states over the matter.

Eurozone - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)-0.8  1.2  2.9  1.6  2.3  

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Eurozone Retail Sales Chart


Euro Retail
Note: Annual variation of retail sales in %.
Source: Eurostat and FocusEconomics calculations.

Eurozone Facts

ValueChangeDate
Exchange Rate1.140.65 %Jan 16
Stock Market1,067-0.52 %Jan 16

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