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At 12:00 (GMT+2), December data on Retail Sales in the euro area will be published. Retail Sales indicator measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. It is the primary indicator of consumer spending, which influences the GDP. On a monthly basis, the figure is likely to decline from 0.1% to –0.1%, putting pressure on the euro exchange rate.
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