Market Focus

On Monday, 05.02.2018, one should focuses on data on retail sales in the Eurozone. This indicator is a monthly measurement of all goods sold in retail trade. Also, this value is an important indicator of consumer spending, which indicates the confidence of consumers and is seen as an indicator of the growth rates of the economy of the Eurozone.

According to the forecast, the volume of retail sales in the euro area declined by -0.8% in December, against the November growth of 1.5%. On an annualized basis, the growth rate will be 1.6%, which is lower than the previous value of 2.8%. The release of data within the forecast will put pressure on the euro. That is why one should expect the single currency to decline within 30 points against its competitors.

Alexander Sivtsov