Dhwani Mehta
06 Mar @ 10:02 (GMT+0)
Eurozone Retail Sales rise 1.5% YoY in January vs. 1.9% expected
- Eurozone annual Retail Sales rose 1.5% in January.
- Retail Sales in the old continent came in at -0.3% MoM in January.
Eurozone’s Retail Sales rose 1.5% in the year through January after a revised 2.2% growth in December, the official data released by Eurostat showed on Thursday. The data missed the market expectations of 1.9%.
On a monthly basis, Retail Sales in the old continent declined by 0.3% in the same period versus December’s 0% revision while coming in below the expected 0.1% increase.
FX implications
The Eurozone data stalls the renewed upside in the Euro. When writing, the EUR/USD pair is trading 0.09% higher on the day at 1.0798.
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