Euro-Area Retail Sales Decreased More Than Forecast in December
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Euro-area retail sales fell more than economists estimated in December led by declines in Germany and Spain.
Sales in the 17-nation currency bloc fell 0.8 percent from November, when they slipped a revised 0.1 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast a decline of 0.5 percent, according to the median of 23 estimates in a Bloomberg News survey. From a year earlier, sales dropped 3.4 percent.