European stocks closed lower Friday as weaker-than-expected economic data heightened concerns of a slowdown in global economic growth.
The pan-European Stoxx 600 closed provisionally down 0.72 percent at346.82, with almost all sectors and major bourses in negative territory.
Market focus is largely attuned to a possible economic slowdown over the coming months. It comes after China reported weaker-than-expected retail sales data on Friday. The sector grew at its weakest pace since 2003 in November, with disappointing industrial and domestic demand figures also darkening the Asian giant's economic outlook. Meanwhile, European data also disappointed, with the IHS Markit Flash Eurozone PMI index falling to 51.7 in December, its lowest level in four years.
Source : CNBC