Eurozone Retail Sales unexpectedly drops 0.1% MoM in January
Eurozone Retail Sales, a key measure of consumer spending, surprisingly falls by 0.1% month-on-month (MoM) in January, while it was expected to grow 0.3%. In December, the consumer spending measure rose by 0.2%, revised positive from -0.5%.
On an annualized basis, Retail Sales rise by 2%, faster than estimates of 1.7%.
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