Eurozone Retail Sales rise 1.5% YoY in January vs. 1.9% expected

Eurozone annual Retail Sales rose 1.5% in January.
Retail Sales in the old continent came in at -0.3% MoM in January.

Dhwani Mehta FXStreet

Eurozone’s Retail Sales rose 1.5% in the year through January after a revised 2.2% growth in December, the official data released by Eurostat showed on Thursday. The data missed the market expectations of 1.9%.

On a monthly basis, Retail Sales in the old continent declined by 0.3% in the same period versus December’s 0% revision while coming in below the expected 0.1% increase.

FX implications

The Eurozone data stalls the renewed upside in the Euro. When writing, the EUR/USD pair is trading 0.09% higher on the day at 1.0798.

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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