Eurozone's retail trade increased 1.0 percent from a month earlier in November of 2019, rebounding from a downwardly revised 0.3 percent decline in October and beating market expectations of a 0.6 percent gain. Non-food trade rebounded 1.4 percent (vs -0.7 percent in October), particularly textiles, clothing & footwear (1.4 percent vs -0.8 percent); electrical goods & furniture (1.3 percent vs -0.5 percent); computer equipment & books (0.9 percent vs -0.2 percent); pharmaceutical and medical goods (0.6 percent vs -0.2 percent) and mail orders & internet (2.7 percent vs -3.1 percent). Additionally, food, drinks & tobacco sales advanced faster (0.7 percent vs 0.4 percent). On the other hand, fuel sales dropped (-1.0 percent vs 0.4 percent). On a yearly basis, retail trade growth accelerated to 2.2 percent in November from a revised 1.7 percent in the previous month.
Retail Sales MoM in the Euro Area averaged 0.10 percent from 1995 until 2019, reaching an all time high of 2.80 percent in October of 1999 and a record low of -2 percent in May of 2011. This page provides the latest reported value for - Euro Area Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Eurostat
Retail Sales MoM in Euro Area is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Euro Area to stand at 0.40 in 12 months time. In the long-term, the Euro Area Retail Sales MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.