Eurozone: Retail sales grew by 0.6% in November - ING

Sandeep Kanihama FXStreet Contributor

Bert Colijn, senior economist at ING, note that Eurozone’s retail sales grew by 0.6% month-on-month in November, the same pace as in October.

Key Quotes

“On a quarterly basis, retail sales are set for a modest gain after stagnating in the third quarter.”

“Continued uncertainty will curb the upside potential of household consumption, but at times when most indicators paint a bleak picture of where eurozone growth is headed, retail sales show that consumption could be an important driver of continued growth.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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