Investing.com – Retail sales in the euro zone fell unexpectedly in February, official data showed on Tuesday.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.1% in February, after rising by 0.2% in January, whose figure was revised down from 0.4%.
Analysts had expected retail sales to rise by 0.1% in February.
The report showed that year-on-year, retail sales rose significantly less-than-expected in February, rising at an annualized rate of 0.1% after rising by 0.4% in January, falling short of expectations for a 0.6% rise.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.25% to hit 1.4184.
Meanwhile, European stock markets were down. The EURO STOXX 50 dropped 0.42%, France’s CAC 40 slid 0.52%, the FTSE 100 slumped 0.25%, while Germany's DAX declined 0.24%.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.1% in February, after rising by 0.2% in January, whose figure was revised down from 0.4%.
Analysts had expected retail sales to rise by 0.1% in February.
The report showed that year-on-year, retail sales rose significantly less-than-expected in February, rising at an annualized rate of 0.1% after rising by 0.4% in January, falling short of expectations for a 0.6% rise.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.25% to hit 1.4184.
Meanwhile, European stock markets were down. The EURO STOXX 50 dropped 0.42%, France’s CAC 40 slid 0.52%, the FTSE 100 slumped 0.25%, while Germany's DAX declined 0.24%.