Eurozone Retail Sales Declined 2.9% YoY in September vs. -3.2% Expected
According to the official data released by Eurostat on Wednesday, November 8, Eurozone’s Retail Sales dropped 0.3% MoM in September as against a 0.7% fall in August.
According to the official data released by Eurostat on Wednesday, November 8, Eurozone’s Retail Sales dropped 0.3% MoM in September as against a 0.7% fall in August. The market expectation was for a -0.2% decline. 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.
Annually, Retail Sales in the old continent dropped 2.9% in the reported month, compared to -1.8% recorded in August and -3.2% expected. Mixed Eurozone data had little to no impact on the Euro. At the time of writing, the EUR/USD pair is trading at 1.0696, down 0.22% on the day.
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