Eurozone Retail Sales Fall 1.1% M/M in October, Posting Biggest Monthly Decline Since December 2013

The Eurozone retail sales fell 1.1% m/m in October, worse than the Reuters’ median consensusof -0.7% m/m decline, down from 0.8% revised growth seen in September. This was the biggest monthlydecline since December 2013. On an annual basis, it 0.4% y/y, way lower than the market expectations of 1.5% y/y growth, down from 4% y/y increase seen in September.
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