7 Jan 2016
Eurozone: Unemployment rate and retail sales in focus today – Danske Bank
FXStreet (Delhi) – Research Team at Danske Bank, suggests that in the euro area, the unemployment rate and retail sales for November are set to be released.
Key Quotes
“The unemployment rate reached 10.7% in October 2015, down from 11.5% a year earlier. We expect the downward trend to continue, as activity should pick up and potential growth remains very low. The progress in the labour market, together with the low oil price, supported growth in private consumption in 2015. We expect this to continue to be reflected in the retail sales figure for November, where we look for an increase of 0.4% m/m.”
Key Quotes
“The unemployment rate reached 10.7% in October 2015, down from 11.5% a year earlier. We expect the downward trend to continue, as activity should pick up and potential growth remains very low. The progress in the labour market, together with the low oil price, supported growth in private consumption in 2015. We expect this to continue to be reflected in the retail sales figure for November, where we look for an increase of 0.4% m/m.”