Eurozone Retail Sales rise 0.1% MoM in May vs. 0.2% expected

July 5, 2024 10:34 am

  • Eurozone Retail Sales rose 0.3% YoY in May vs. 0.1% forecast.
  • Retail Sales in the bloc arrived at 0.1% MoM in May vs. 0.2% estimate.

Eurozone’s Retail Sales rose 0.3% YoY in May, having registered a 0.6% growth in April, the official data released by Eurostat showed on Friday. The data beat the market consensus of 0.1%.

On a monthly basis, Retail Sales in the old continent increased by 0.1% in the same period vs. April’s -0.2% and 0.2% expected.

FX implications

Mixed Eurozone data had little to no impact on the Euro. At the time of writing, the EUR/USD pair is trading at 1.0825, up 0.17% on the day.

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