Eurozone retail sales volumes rose 0.2% mom in November, slightly above expectations of 0.1% increase. The improvement was driven primarily by non-food products, where sales increased 0.4% mom, offsetting weakness elsewhere. Sales of food, drinks and tobacco slipped -0.2%, while automotive fuel volumes fell -0.1%.
Across the broader EU, retail sales also rose 0.2% mom, but national divergences were stark. Luxembourg posted a sharp 5.8% surge, followed by Portugal (2.2%) and Denmark (1.9%). Croatia (-2.2%), Belgium (-1.6%) and Slovakia (-1.5%) recorded notable declines.
Full Eurozone retail sales release here.
