EMU: Annual Retail Sales decline slows down in January

On an annual basis Eurozone Retail Sales fell 1.3% in January, compared with the 3% decrease the previous month, Eurostat reported on Tuesday. This result is more positive than the expected 2.9% drop.

Month-over-month Eurozone Retail Sales grew 1.2% in January, after declining 0.8% in December and a notch above projections of 0.2% growth.