Eurozone Retail Sales unexpectedly drop by 0.9% YoY in September vs. 1.8% expected

• Eurozone Retail Sales fell by 0.9% MoM in September vs. 1.8% expected.

• Retail Sales in the bloc stood at -2.5% YoY in September vs. 0.6% expected.

Eurozone’s Retail Sales dropped sharply by 2.5% MoM in September versus 0.6% expected and 1.1% last, the official figures released by Eurostat showed on Monday.

On an annualized basis, the bloc’s Retail Sales came in at -0.9% in September versus 0.4% recorded in August and 1.8% estimated.

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