EU: Eurozone retail sales drop most in 10 months. Eurozone retail sales logged its biggest decline so far this year in Oct on weaker food and non-food products turnover as record inflation squeezed consumer spending. Retail sales slid 1.8% MoM in Oct, in contrast to the 0.8% increase in Sept. This was slightly bigger than economists' forecast of -1.7%. Sales declined the most since Dec 2021, when turnover was down 2.6%. The monthly fall was driven by the 2.1% decrease in non-food products turnover and 1.5% fall in sales of food, drinks and tobacco. (RTT)
Bullish Ericsson raises its sales forecast
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