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.”
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