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Eurozone retail sales growth beats estimates in November 2018

Monthly growth in the eurozone's retail trade volume beat consensus estimates in November 2018.

Retail sales volume grew by 0.6% month over month after seasonal adjustments, according to data from Eurostat. The Econoday consensus forecast retail sales growth of 0.2% on a monthly basis.

The volume of trade for automotive fuel and for non-food products rose 1.2%, while that of food, drinks and tobacco decreased by 0.9%. Meanwhile, revised data showed that retail trade volume increased by 0.6% month over month in October 2018, as opposed to a 0.3% growth noted previously.

On an annual basis, adjusted retail sales were up 1.1% in November 2018.