Eurozone Retail Sales came in at -2.7% MoM in January vs. -2.5% expected.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- Eurozone Retail Sales came in at -2.7% MoM in January vs. -2.5% expected.
- Retail Sales in the bloc arrived at -2.8% YoY in January vs. -2.7% expected.
Eurozone’s Retail Sales dropped by 2.7% MoM in January versus -2.5% expected and 1.2% last, the official figures released by Eurostat showed on Monday.
On an annualized basis, the bloc’s Retail Sales came in at -2.8% in January versus -2.5% recorded in December and -2.7% consensus forecast.
The Euro remains under pressure on the downbeat Eurozone data. At the time of writing, the major is trading at 1.0765, down 0.26% on the day.
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.
[/s2If]
Join Our Telegram Group
