Investing.com - Retail sales in the euro zone fell in line with market expectations in July, official data showed on Wednesday.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.2% in July, in line with expectations.
Retail sales for June were revised up to a 0.2% gain from a previously reported increase of 0.1%.
Year-over-year, retail sales in the euro zone fell at an annualized rate of 1.7% in July, in line with expectations, after falling at a revised rate of 1.0% in June.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.43% to trade at 1.2514.
Meanwhile, European stock markets were broadly lower. The EURO STOXX 50 shed 0.45%, France's CAC 40 slumped 0.5%, London’s FTSE 100 declined 0.4%, while Germany's DAX fell 0.3%.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.2% in July, in line with expectations.
Retail sales for June were revised up to a 0.2% gain from a previously reported increase of 0.1%.
Year-over-year, retail sales in the euro zone fell at an annualized rate of 1.7% in July, in line with expectations, after falling at a revised rate of 1.0% in June.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.43% to trade at 1.2514.
Meanwhile, European stock markets were broadly lower. The EURO STOXX 50 shed 0.45%, France's CAC 40 slumped 0.5%, London’s FTSE 100 declined 0.4%, while Germany's DAX fell 0.3%.