EMU: Retail Sales drop more than expected in December

On an annual basis Eurozone Retail Sales fell for the 20th running month by 3.4% in December, following -1.9% according to data released today by Eurostat. Analysts expected less decline of -1.1%.

Month-over-month Retail Sales slid 0.8%, down from the 0.1% decrease registered the previous month and below expectations of -0.3%.