Investing.com – Retail sales in the euro zone fell unexpectedly in November, official data showed on Thursday.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.8% in November, compared to a flat reading in October, whose figure was revised down from 0.5%.
Analysts had expected retail sales to rise by 0.3% in November.
The report showed that year-on-year, retail sales rose less-than-expected, increasing by 0.1% in November, after rising by 1.2% in October. Analysts had expected year-on-year retail sales to rise by 2.1% in November.
According to the data, the largest decreases in total retail trade were observed in Portugal, Lithuania and Belgium, while the largest increases were observed in Malta, France and Estonia.
Following the release of that data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.22% to hit 1.3119.
Meanwhile, European stock markets were up. The EURO STOXX 50 added 0.59%, France’s CAC 40 gained 0.58%, Germany's DAX was up 0.71%, while the FTSE 100 rose 0.45%.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.8% in November, compared to a flat reading in October, whose figure was revised down from 0.5%.
Analysts had expected retail sales to rise by 0.3% in November.
The report showed that year-on-year, retail sales rose less-than-expected, increasing by 0.1% in November, after rising by 1.2% in October. Analysts had expected year-on-year retail sales to rise by 2.1% in November.
According to the data, the largest decreases in total retail trade were observed in Portugal, Lithuania and Belgium, while the largest increases were observed in Malta, France and Estonia.
Following the release of that data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.22% to hit 1.3119.
Meanwhile, European stock markets were up. The EURO STOXX 50 added 0.59%, France’s CAC 40 gained 0.58%, Germany's DAX was up 0.71%, while the FTSE 100 rose 0.45%.