Bank of France: French retail sales plunged 24% in March, EUR/USD at fresh lows
|The latest data published by the Bank of France showed on Wednesday, the country’s retail sales dived 24% in March when compared to the previous month, mainly due to the coronavirus pandemic led lockdown measures.
Key details
Sales of industrial goods fell by 43%
Food sales down by only 0.9%
Retail sales fell by 7.2% in Q1 vs. the previous quarter.
Department store sales plunged by 19.3%, which was partly offset by a rise in supermarket (+7.4%) and hypermarket (+1.7%) sales.
EUR/USD reaction
The selling pressure around the euro intensified following the awful French Retail Sales data, as EUR/USD now prints fresh daily lows at 1.0969, down 0.09% on the day.
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