Italy’s November Retail Sales 0.8% m/m (last -0.3%); 4.4% yr/yr (last 1.2%)
Spain’s November Industrial Production -1.1% yr/yr (last 2.1%)
European Central Bank policymaker Villeroy de Galhau said that more rate hikes will be needed and that he does not expect the French economy to experience a hard landing.
Labor unions in France are planning strike action for the end of next week after yesterday’s announcement of labor reforms, including raising the retirement age to 64.
Germany’s Mechanical Engineering Industry Association reported a 14% yr/yr drop in November orders.