- Eurozone Retail Sales increased by 1.5% MoM in June vs. +1.7% expected.
- Retail Sales in the bloc rose by 5.0% YoY in June vs. 4.5% expected.
Eurozone’s Retail Sales rose by 1.5% MoM in June versus 1.7% expected and 4.1% last, the official figures released by Eurostat showed on Wednesday.
On an annualized basis, the bloc’s Retail Sales increased by 5.0% in June versus 8.6% booked in May and 4.5% estimated.
FX implications
The euro fails to receive any respite from mixed Eurozone Retail Sales data.
At the time of writing, the major trades at 1.1850, near the daily lows of 1.1842, down about 0.10% on a daily basis.
About Eurozone Retail Sales
The Retail Sales released by Eurostat is a measure of changes in sales of the Eurozone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Usually, the positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.