Investing.com - Retail sales in the euro zone rose modestly in August, official data showed on Wednesday.
In a report, Eurostat said retail sales rose by a seasonally adjusted 0.1% in August, compared to expectations for a 0.1% decline.
Retail sales for July were revised up to a 0.1% gain from a previously reported drop of 0.2%.
Year-over-year, retail sales in the euro zone fell at an annualized rate of 1.3% in August, compared to expectations for a 1.9% decline, after falling at a revised rate of 1.4% in July.
Following the release of the data, the euro was fractionally higher against the U.S. dollar, with EUR/USD easing up 0.03% to trade at 1.2923.
Meanwhile, European stock markets were broadly lower. The EURO STOXX 50 shed 0.1%, France's CAC 40 slumped 0.3%, London’s FTSE 100 declined 0.2%, while Germany's DAX fell 0.1%.
In a report, Eurostat said retail sales rose by a seasonally adjusted 0.1% in August, compared to expectations for a 0.1% decline.
Retail sales for July were revised up to a 0.1% gain from a previously reported drop of 0.2%.
Year-over-year, retail sales in the euro zone fell at an annualized rate of 1.3% in August, compared to expectations for a 1.9% decline, after falling at a revised rate of 1.4% in July.
Following the release of the data, the euro was fractionally higher against the U.S. dollar, with EUR/USD easing up 0.03% to trade at 1.2923.
Meanwhile, European stock markets were broadly lower. The EURO STOXX 50 shed 0.1%, France's CAC 40 slumped 0.3%, London’s FTSE 100 declined 0.2%, while Germany's DAX fell 0.1%.