- Eurozone Retail Sales came in at 0% MoM in April vs. 0.2% expected.
- Retail Sales in the bloc arrived at -2.6% YoY in April vs. -1.8% expected.
Eurozone’s Retail Sales came in at 0% MoM in April versus 0.2% expected and -0.4% previous, the latest official figures released by Eurostat showed on Tuesday.
On a yearly basis, the bloc’s Retail Sales dropped 2.6% in April versus -3.3% booked in March and -1.8% expected.
FX implications
The Euro is unperturbed by the mixed Eurozone consumer spending data. At the time of writing, the major is trading at 1.0700, down 0.12% on the day
About Eurozone Retail Sales
The Retail Sales released by Eurostat are 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, positive economic growth anticipates "Bullishness" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
NZD/USD rallies to a fresh three-month top after RBNZ's hawkish pause
The NZD/USD pair gains strong follow-through positive traction on Wednesday and spikes to a fresh three-month peak after the RBNZ announced its policy decision. The central bank left its cash rate unchanged at 5.5% and reiterated that rates will need to remain at a restricted level for a sustained period of time.
AUD/USD reacts little to softer headline Australian CPI, holds steady near multi-month peak
The AUD/USD ticks lower following the release of softer domestic consumer inflation figures. The data raises doubts over the possibility of a December rate hike from the RBA and acts as a headwind for the Aussie. Apart from this, the prevalent US Dollar selling bias helps limit the downside for the pair.
Gold rally extends into $2,040 as Fedspeak sparks Fed pivot bets
Gold price climbed on Tuesday in their best single-day performance in over six weeks, climbing 1.5% on the day and settling at a seven-month peak of $2,044. Markets saw a risk rally as investor sentiment bid up assets across the board, sparked by Dovish Fed comments that sent Gold climbing on the day.
Up by 96% in a week, this altcoin is likely following Solana price rally from 2021
Solana was known as the “Ethereum killer” when it skyrocketed back in 2021; however, it did not manage to kill the DeFi home in any way. Similarly, many altcoins have since emerged that have been denoted as Solana killers, but hardly anyone has managed to do that.
Global growth outlook remains cloudy and grey
Prospects for the global economy have dimmed slightly over the past month, with restrictive monetary policy set to weigh on growth prospects for next year. The forecast for global GDP growth in 2023 remains unchanged at 2.8%, while the forecast for 2024 global GDP growth has been revised slightly lower to 2.3%.