Retail Sales in Euro zone.

Friday, 3 February 2012 02:39

Retail Sales in Euro area dropped unexpectedly 0.4% in December.

Analysts forecasted 0.4% increase instead.

It is the lowest Christmas period reading in last 3 years.

According to Eurostat at annual pace index declined 1.6% in December disappointing expectations for 1.3% decrease.

 Even the biggest European economies like France and Germany recorded retail sales decrease in that period.