04.02.2015 - Eurozone retail sales have grown
Retail sales in the euro area showed an unexpected increase. Thus, the index increased by 0.3% in December against an expected decline of 0.1%. It is worth mentioning that in November figure rose by 0.7%. For 2014 retail sales rose by 1.3%. The acceleration of growth was observed at the end of the year due to lower energy prices. The highest growth was recorded in non-food products (3.5%), automotive fuel (+ 2.3%). It is worth noting the gradual improvement of the macroeconomic condition of in the Eurozone, which together with the launch of the program of quantitative easing will lead to the growth of the stock markets in the medium term.