In November, euro area’s retail declined

After the revised 0.1 percent monthly increase of October, euro area’s retail declined by 0.8 percent in November, contrary to the expected 0.4 percent forecasts – said the European Union's statistical office, the Eurostat, on Friday.

According to the report of Eurostat; retail sales in November declined by 2.5 percent on an annual basis after the revised 0.7 percent decrease of October. Analysts expected a monthly 0.4 percent and 0.8 percent annual decline in the euro area – reports MTI.