Eurozone Retail Sales Slide -0.6% mom as Discretionary Spending Weakens

Eurozone retail sales weakened sharply in July, with volume falling from a revised +0.2% to -0.6% m/m, well below expectations for a 0.3% increase. June was revised significantly higher from the previously reported -0.3%, softening some of the disappointment. Across the EU, retail sales also reversed from +0.2% to -0.4% m/m. On annual basis, sales […]

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