Uptrend intact from the EMU’s Retail Sales – Danske Bank

FXStreet (Edinburgh) - Morten Helt, Senior Analyst at Danske Bank, expects retail sales in the euro bloc to have eased some ground in July, although the main uptrend will remain unchanged.

Key Quotes

“We expect euro-area retail sales to have declined in July after increasing for three consecutive months”.

“However, a decline should not reflect a reversal of the underlying upward trend”.

“Private consumption is currently supported by lower commodity price inflation, as it has increased real wage growth in the euro area”.