- Eurozone retail sales came in at 0.3%m/m in July vs. 0.4% expected.
- Retail sales in the bloc came in at -0.9% yoy in July vs -0.7% expected.
Eurozone retail sales rose 0.3% mom in Julyversus 0.4% expected and -1.0% previously, official figures released by Eurostat showed on Monday.
In annual terms, the bloc’s retail sales stood at -0.9% in Julycompared to the -3.2% registered in June and the -0.7% expected.
On Eurozone retail sales
This survey of goods sold by retailers published by Eurostat is based on a sample of retail stores of different types and is considered an indicator of the rate of growth of the economy. It shows the performance of the retail sector in the short and medium term. A result above the market consensus is bullish for the euro, while a result below is bearish.
Source: Fx Street
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