EU: Retail Sales in euro area decline by 0.3% in September vs. +0.2% expected
|- Retail Sales in the euro area edged lower in September.
- EUR/USD continues to push lower after the data.
According to the monthly data published by Eurostat, Retail Sales in the euro area fell by 0.3% on a monthly basis in September after rising by 1% in August. This reading missed the market expectation for an increase of 0.2%.
Further details of the publication revealed that Retail Sales declined by 0.2% in the EU.
"In September 2021 compared with September 2020, the calendar-adjusted retail sales index increased by 2.5% in the euro area and by 3.2% in the EU," Eurostat noted.
Market reaction
The EUR/USD pair remains on the back foot after this report and was last seen losing 0.13% on a daily basis at 1.1536.
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