Investing.com - Retail sales in the euro zone rose less-than-expected in July, while the previous month’s figure was revised lower, official data showed on Wednesday.
In a report, Eurostat said retail sales rose by a seasonally adjusted 0.1% in July, below expectations for a 0.4% increase.
Retail sales for June were revised down to a 0.7% decline from a previously reported drop of 0.5%.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 1.3% in July from a year earlier, compared to expectations for a 0.3% decline, after falling 1.1% in June.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD easing up 0.04% to trade at 1.3176.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 fell 0.7%, France's CAC 40 dipped 0.7%, Germany's DAX shed 0.4%, while London’s FTSE 100 declined 0.5%.
In a report, Eurostat said retail sales rose by a seasonally adjusted 0.1% in July, below expectations for a 0.4% increase.
Retail sales for June were revised down to a 0.7% decline from a previously reported drop of 0.5%.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 1.3% in July from a year earlier, compared to expectations for a 0.3% decline, after falling 1.1% in June.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD easing up 0.04% to trade at 1.3176.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 fell 0.7%, France's CAC 40 dipped 0.7%, Germany's DAX shed 0.4%, while London’s FTSE 100 declined 0.5%.