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- Eurozone Retail Sales drop 0.3% YoY in June vs. +0.1% expected
Eurozone Retail Sales drop 0.3% YoY in June vs. +0.1% expected
- Eurozone Retail Sales fell 0.3% YoY in June vs. +0.1% estimate.
- Retail Sales in the bloc arrived at -0.3% MoM in June vs. -0.1% forecast.
Eurozone’s Retail Sales dropped at an annual rate of 0.3% in June after increasing by 0.5% in May, the official data released by Eurostat showed on Tuesday. The data missed the market consensus of +0.1%.
On a monthly basis, Retail Sales in the old continent declined by 0.3% in the same period vs. May’s +0.1% and -0.1% expected.
FX implications
The downbeat Eurozone data keeps the Euro under moderate heavy selling pressure. At the time of writing, the EUR/USD pair is trading 0.28% lower on the day at 1.0920.
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