Quotes from Capital Economics:
- Euro-zone retail sales (10.00 GMT) may have risen for the fourth consecutive month in January.
- Admittedly, after decent monthly rises throughout Q4, there is a clear risk that retail sales reversed some of those gains in Jan. But the country data already published suggest otherwise, with retail sales rising by 2.9% m/m in Germany.
- Meanwhile, the improvement in euro-zone consumer confidence in the same month also points to another rise in retail sales. We expect retail sales to have risen by about 0.4% on the month.
