Eurozone's retail sector declines most since 2011

Source: Bloomberg Businessweek
© Scanpix/AP
Retail sales in the Eurozone registered the largest decline in more than two years in the most important for retailers month of December. The Eurostat data showed a 1.6% decrease on a monthly basis, while analysts predicted them to drop only 0.5%. Moreover, the increase in November was revised negatively from 1.4% to 0.9%. Data will put additional pressure on the ECB to ease the monetary policy.
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