Retail sales in Eurozone decreased in September
The retail sales in Eurozone remained below market expectations in September, contracting by more than 1%. The retail sales in the currency bloc monthly rate slid from 1.3% in September compared with the adjusted decrease of 0.9% in August, while the analysts expected a decline of 0.8%. Measured on an annual basis, retail sales in […]
The retail sales in Eurozone remained below market expectations in September, contracting by more than 1%. The retail sales in the currency bloc monthly rate slid from 1.3% in September compared with the adjusted decrease of 0.9% in August, while the analysts expected a decline of 0.8%. Measured on an annual basis, retail sales in the 18-nation bloc rose 0.6% in September after rising 1.9% in the previous month. Earlier on Wednesday appeared data for the services sector in the Eurozone, which continued rise in October, albeit at a slower pace than in the previous month. The final result of Purchasing Managers’ Index (PMI) showed a level of 52.3 points compared to 52.4 points in September. The analysts forecast level of 52.4 points. Meanwhile, the combined PMI index deteriorated to 52.1 points from 52.4 points in September, measured on the basis of seasonally adjusted data.
Earlier in the week you data showed that factories in the euro area have achieved higher rates of activity in October, supported by better performance in Germany. The index of purchasing managers in the manufacturing sector for the currency bloc rose to 50.6 points compared to 50.3 points in September.
