Eurozone Retail Sales drop 0.8% YoY in December vs. -0.9% expected
- Eurozone Retail Sales came in at -0.8% YoY in December vs. -0.9% estimated.
- Retail Sales in the bloc arrived at -1.1% MoM in December vs. -1.0% forecast.
Eurozone’s Retail Sales declined 0.8% YoY in December, compared with a 0.4% drop in November, the official data released by Eurostat showed on Tuesday. The market had expected a decrease of 0.9%.
Retail Sales in the old continent dropped 1.1% over the month in the same period, as against 0.3% recorded in November and -1.0% expected.
FX implications
Mixed Eurozone data added to the renewed downtick in the Euro. At the time of writing, the EUR/USD pair is trading at 1.0730, losing 0.08% on the day.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Australian Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.09% | -0.08% | -0.08% | -0.24% | 0.01% | -0.05% | 0.24% | |
| EUR | -0.09% | -0.17% | -0.18% | -0.34% | -0.09% | -0.14% | 0.15% | |
| GBP | 0.07% | 0.16% | -0.01% | -0.18% | 0.07% | 0.02% | 0.31% | |
| CAD | 0.07% | 0.19% | 0.02% | -0.15% | 0.10% | 0.04% | 0.33% | |
| AUD | 0.24% | 0.33% | 0.17% | 0.16% | 0.25% | 0.19% | 0.47% | |
| JPY | -0.01% | 0.10% | -0.07% | -0.09% | -0.26% | -0.06% | 0.22% | |
| NZD | 0.06% | 0.14% | -0.02% | -0.04% | -0.20% | 0.06% | 0.30% | |
| CHF | -0.24% | -0.12% | -0.30% | -0.31% | -0.46% | -0.23% | -0.29% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
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.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
