European Retail Sales Disappoint (Again)

February 05, 2014
By Knowledge Leaders Team in Uncategorized

Contrary to the consensus for a 1.5% y/y gain in December, European retail sales fell (-1.0% y/y) and November’s gain was revised to a more modest 1.3%– the only year-over-year rise since April 2011.


Unsurprisingly, yields in Germany fell back to levels previously seen in July/ August of last year.


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