ECP: Euro Zone October retail sales beat estimates
Euro area retail sales rise above expectations in October as seemingly the residents surprising confidence is reflected in the start of winter and holiday sales. Retail Sales rose 0.5% in October exceeding expectations for 0.2% rise and reversing the previous month's drop of 0.2%. Retail sales are now higher by 1.8% from a year earlier also beating expectations for 1.0% and the previous 1.1%.