Investing.com - Retail sales in the euro zone rose unexpectedly in January, rebounding from two consecutive months of declines, official data showed on Monday.
In a report, Eurostat said retail sales rose by a seasonally adjusted 0.3% in January, defying expectations for a 0.1% decline.
The previous month’s figure was revised to a drop of 0.5% from a previously reported 0.4% decline.
Year-over-year, retail sales in the euro zone were flat in January, compared to expectations for a 1.5% drop, after falling at a rate of 1.3% in December.
Following the release of the data, the euro trimmed losses against the U.S. dollar to trade flat at 1.3199.
Meanwhile, European stock markets remained broadly lower. The EURO STOXX 50 retreated 1%, France's CAC 40 dropped 0.8%, London’s FTSE 100 fell 0.45%, while Germany's DAX tumbled 1.1%.
In a report, Eurostat said retail sales rose by a seasonally adjusted 0.3% in January, defying expectations for a 0.1% decline.
The previous month’s figure was revised to a drop of 0.5% from a previously reported 0.4% decline.
Year-over-year, retail sales in the euro zone were flat in January, compared to expectations for a 1.5% drop, after falling at a rate of 1.3% in December.
Following the release of the data, the euro trimmed losses against the U.S. dollar to trade flat at 1.3199.
Meanwhile, European stock markets remained broadly lower. The EURO STOXX 50 retreated 1%, France's CAC 40 dropped 0.8%, London’s FTSE 100 fell 0.45%, while Germany's DAX tumbled 1.1%.