<ul><li>Prior +0.4%; revised to +0.8%</li><li>Retail sales -2.7% vs -2.6% y/y expected</li><li>Prior -0.6%; revised to 0.0%</li></ul><p style=““ class=“text-align-justify“>Euro area retail sales were weaker than anticipated in October but that comes after a bit of a positive revision for September. In any case, the dip continues to highlight weakening demand conditions – which has become more prevalent in Q4, suggesting that a recession is likely in the works.</p>

This article was written by Justin Low at forexlive.com.

<p style=““ class=“text-align-justify“>This adds to the earlier news and weekend measures <a target=“_blank“ href=“https://www.forexlive.com/news/china-reportedly-may-announce-more-supplementary-covid-measures-this-week-20221205/“ target=“_blank“ rel=“follow“>here</a>. After the lockdown protests in the week prior, it has been a big change of pace in China’s plans in dealing with the pandemic. I reckon in the bigger picture, the question is how will a major re-opening for China play into global inflation developments? That will be something to think about.</p>

This article was written by Justin Low at forexlive.com.