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Euro zone retail sales rise 0.1% in November

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Investing.com - Retail sales in the euro zone rose less-than-expected in November, underlining concerns over the region's economic outlook, official data showed on Tuesday.

In a report, Eurostat said retail sales inched up by a seasonally adjusted 0.1% in November, compared to expectations for a 0.3% increase.

Retail sales for October were revised to a 0.7% decline from a previously reported drop of 1.2%.

Year-over-year, retail sales in the euro zone fell at an annualized rate of 2.6% in November from a year earlier, compared to expectations for a 2.1% decline, after plunging 3.6% in October.

Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD easing up 0.02% to trade at 1.3118.

Meanwhile, European stock markets remained mixed. The EURO STOXX 50 added 0.1%, France's CAC 40 rose 0.3%, London's FTSE 100 eased up 0.1%, while Germany's DAX dipped 0.15%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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