Investing.com - Retail sales in the euro zone fell broadly in line with market expectations in June, while the previous month’s figure was revised higher, official data showed on Monday.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.5% in June, compared to expectations for a 0.6% decline.
Retail sales for May were revised up to a 1.1% gain from a previously reported increase of 1%.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 0.9% in June from a year earlier, better than expectations for a 1.3% decline, after rising 0.3% in May.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD easing up 0.04% to trade at 1.3286.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 added 0.3%, France's CAC 40 rose 0.3%, Germany's DAX inched up 0.2%, while London’s FTSE 100 tacked on 0.4%.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.5% in June, compared to expectations for a 0.6% decline.
Retail sales for May were revised up to a 1.1% gain from a previously reported increase of 1%.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 0.9% in June from a year earlier, better than expectations for a 1.3% decline, after rising 0.3% in May.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD easing up 0.04% to trade at 1.3286.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 added 0.3%, France's CAC 40 rose 0.3%, Germany's DAX inched up 0.2%, while London’s FTSE 100 tacked on 0.4%.