- Retail sales in the euro area fell more than expected in September.
- EUR / USD continues to move with strong gains near 1.1800.
Retail sales in the euro area decreased by -2% monthly in September, as data published by Eurostat showed on Thursday. This figure comes after August’s increase of 4.2% (revised from 4.4%) and has turned out worse than the market’s expectation of a -1% drop.
Additional details from the post have revealed that retail sales they increased 2.2% on an annual basis and fell short of analysts’ estimate of 2.8%.
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Credits: Forex Street
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