Mixed European data shows retail growth but declining construction activity and widening trade deficits in key economies.
Euro area retail trade posted modest growth, offset by a sharp contraction in the Eurozone construction PMI and rising cost pressures. The data underscores persistent fiscal and sectoral risks across the region.
German manufacturing orders and services turnover improved, providing a counterbalance, while France’s trade deficit widened due to higher energy imports. The divergence highlights uneven economic recovery and structural challenges.
Markets are monitoring the mixed signals for potential impacts on monetary policy and growth forecasts.