Investing.com - Retail sales in the euro zone fell unexpectedly in October, fuelling concerns over the region’s economy, official data showed on Wednesday.
In a report, Eurostat said retail sales declined by a seasonally adjusted 0.2% in October, disappointing expectations for a 0.3% gain. Retail sales for September fell 0.6%.
Year-over-year, retail sales in the euro zone eased down at an annualized rate of 0.1% in October from a year earlier, confounding expectations for a 0.9% gain, after rising 0.3% in September.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD shedding 0.01% to trade at 1.3588.
Meanwhile, European stock markets were mildly higher. The EURO STOXX 50 advanced 0.1%, France's CAC 40 rose 0.35%, Germany's DAX tacked on 0.2%, while the FTSE 100 added 0.1%.
In a report, Eurostat said retail sales declined by a seasonally adjusted 0.2% in October, disappointing expectations for a 0.3% gain. Retail sales for September fell 0.6%.
Year-over-year, retail sales in the euro zone eased down at an annualized rate of 0.1% in October from a year earlier, confounding expectations for a 0.9% gain, after rising 0.3% in September.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD shedding 0.01% to trade at 1.3588.
Meanwhile, European stock markets were mildly higher. The EURO STOXX 50 advanced 0.1%, France's CAC 40 rose 0.35%, Germany's DAX tacked on 0.2%, while the FTSE 100 added 0.1%.