Eurozone retail sales slip back in December

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Retail sales in the eurozone slipped 0.3 per cent at end of the 2016, closing an otherwise healthy year.

December’s monthly decline was the second consecutive month of falls after sales surged 1.5 per cent in October. Compared to December 2015, total retail sales were up 1.1 per cent and ended the year 1.8 per cent higher in 2016.

Outside the eurozone, the UK registered one of the biggest monthly drops, with retail sales dropping 2.3 per cent after November’s mega Black Friday sales. Luxembourg, Belgium, and France posted the best rises for the month.

(Chart: Bloomberg)

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