The Eurozone retail sales plummeted 6.4% yoy in January, worsening the expected 1.2% decline. The December data was revised upwards, from + 0.6% to + 0.9%. January is the largest drop recorded by the indicator since last April.
Monthly retail sales were down 5.9% compared to an expected 1.2% drop. The December data was revised downward, from + 2% to + 1.8%. The monthly drop is also the biggest seen since April.
The Eurozone also published its January unemployment rate, which stood at 8.1%, equaling the December figure (which has been revised from 8.3% to the current 8.1%). The result improves the 8.3% estimated by the market.
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