Eurozone's retail trade increased 0.6 percent from a month earlier in November 2018, the same pace as in October and well above market expectations of a 0.1 percent gain. Non-food trade rose 1.2 percent (vs 0.6 percent in October) due to sales of textiles, clothing, footwear (2.7 percent vs 0.7 percent), electrical goods and furniture (1.5 percent vs -0.5 percent), pharmaceutical and medical goods (1.3 percent vs unchanged), mail orders and internet (1.2 percent vs 0.1 percent), and computer equipment, books and other (0.1 percent vs 1 percent). In addition, sales of automotive fuel climbed 1.2 percent in November (vs 0.5 percent in October), while those of food, drinks, tobacco dropped 0.9 percent (vs 0.7 percent in October). On a yearly basis, retail trade growth eased to 1.1 percent in November from 2.3 percent in October. Retail Sales MoM in the Euro Area averaged 0.09 percent from 1995 until 2018, reaching an all time high of 2.80 percent in October of 1999 and a record low of -2.10 percent in May of 2011.
Retail Sales MoM in Euro Area is expected to be 0.50 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 0.30 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.