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Eurozone retail sales fall 0.7% in September, signalling weakening consumer demand

Retail sales m/m -0.7% vs -0.1% expected Prior +0.1% Retail sales y/y +0.4% vs +0.6% expected Prior +0.8% Full report Eurozone retail sales declined more than expected in September, falling 0.7% m/m. Germany recorded the largest monthly decline, with retail sales falling 2.0%. The EU-wide figure also weakened, dropping 0.6% m/m. The decline was primarily driven by non-food products, where sales…

CommodityOilPrice.com

ADNOC Expands LNG Empire With Major New India Supply Deal

ADNOC has signed a ten-year deal to supply LNG to Indian Gujarat Energy Ltd, in the first agreement to sell gas from the international gas portfolio of ADNOC’s international investment company, XRG. Gujarat Energy will receive up to 4 million tons of LNG over ten years, starting in 2028, Abu Dhabi’s state energy giant said on Friday. The agreement is ADNOC’s fifth LNG supply agreement in India,…

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