Eurozone Retail Sales fall 0.1% YoY in July vs. +0.1% expected

Eurozone Retail Sales drop 0.1% YoY in July vs. +0.1% forecast.
Retail Sales in the bloc arrived at 0.1% MoM in July vs. 0.1% estimate.

Dhwani Mehta FXStreet

Eurozone’s Retail Sales fell 0.1% over the year in July after dropping by 0.4% in May, the official data released by Eurostat showed on Thursday. The data missed the market consensus of +0.1%.

On a monthly basis, Retail Sales in the old continent increased by 0.1% in the same period vs. June’s -0.4% and +0.1% expected.

FX implications

The mixed Eurozone data fails to move the needle around the Euro. At the time of writing, the EUR/USD pair is trading 0.15% higher on the day at 1.1100.

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.

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