Investing.com - Retail sales in the euro zone fell in line with expectations in March, declining for the second consecutive month, official data showed on Monday.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.1% in March, in line with expectations.
Retail sales for February were revised to a 0.2% decline from a previously reported 0.3% drop.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 2.4% in March from a year earlier, worse than expectations for a 2.2% decline, after falling 1.7% in February.
Following the release of the data, the euro was lower against the U.S. dollar, with EUR/USD easing down 0.09% to trade at 1.3108.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 dipped 0.2%, France's CAC 40 shed 0.1%, Germany's DAX dipped 0.1%, while London’s FTSE 100 was closed for a public holiday.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.1% in March, in line with expectations.
Retail sales for February were revised to a 0.2% decline from a previously reported 0.3% drop.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 2.4% in March from a year earlier, worse than expectations for a 2.2% decline, after falling 1.7% in February.
Following the release of the data, the euro was lower against the U.S. dollar, with EUR/USD easing down 0.09% to trade at 1.3108.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 dipped 0.2%, France's CAC 40 shed 0.1%, Germany's DAX dipped 0.1%, while London’s FTSE 100 was closed for a public holiday.