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MoM Change in Retail Sales in the Eurozone

Country:
EUREurozone
Importance:
★★
Data Trends
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DateValue
ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About MoM Change in Retail Sales in the Eurozone

Month-on-month comparison of retail sales indicates the percentage change in retail turnover in the Eurozone for a specific month compared to the previous month. This data is released monthly by Eurostat and is crucial for evaluating trends in consumer spending.

Month-on-month data helps to understand how retail sales have fluctuated over a short period. An increase in sales indicates heightened consumer purchasing enthusiasm and economic expansion. Conversely, a decrease in sales suggests reduced consumer purchasing enthusiasm and potential economic stagnation.

This data serves as a reference for policymakers to assess consumer trends and formulate appropriate economic policies. Additionally, it is an important source of information for businesses and investors to gauge trends in the retail market and economic outlook.

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