Eurozone Retail Sales rise 1.9% YoY in December, as expected
- Eurozone annual Retail Sales rose 1.9% in December.
- Retail Sales in the old continent arrived at -0.2% MoM in December.
Eurozone’s Retail Sales rose 1.9% in the year through December after increasing by a revised 1.6% in November, the official data released by Eurostat showed on Thursday. The data aligned with the market expectations.
On a monthly basis, Retail Sales in the old continent declined by 0.2% in the same period versus November’s 0% revision while coming in below the estimated -0.1% drop.
FX implications
The Eurozone data fails to lift the Euro. At the time of writing, the EUR/USD pair is trading 0.40% lower on the day at 1.0361.
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.
