Eurozone retail sales in September dropped more than expected

Note: This section contains information in English only.
Source: WBP Online
© Scanpix/AP
Retails sales in Eurozone declined 0.6% in September, missing analysts' forecast of 0.4% decrease, the Eurostat said, while the retail sales on annual basis added 0.3% in September. The GDP's estimated 0.4% decline in Eurozone, together with nation's debt-to-GDP ratio at 93.4% and record high unemployment rate of 12.2%, are most likely to be the reasons for such market reaction in retail sector.
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