Retail sales in the euro area decreased after recording a modest increase in the previous month, data released by statistical office Eurostat showed Wednesday. Retail sales volume decreased 0.2% month-on-month in September, reversing the previous month's 0.2% rise. Sales of non-food products dropped 0.6% sequentially, while sales of automotive fuel in specialized stores slipped 2%. Trade in food, drinks and tobacco, meanwhile, increased 0.8% compared to August. At the same time, retail sales in EU27 moved up 0.1% month-on-month in September, after holding flat in the previous month, data showed.
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India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.