Investing.com - Retail sales in the euro zone rose more-than-expected in August, while the previous month’s figure was revised higher, official data showed on Thursday.
In a report, Eurostat said retail sales rose by a seasonally adjusted 0.7% in August, beating expectations for a 0.2% increase.
Retail sales for July were revised up to a 0.7% gain from a previously reported increase of 0.1%.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 0.3% in August from a year earlier, compared to expectations for a 1.5% decline, after falling 0.7% in July.
Following the release of the data, the euro added to gains against the U.S. dollar, with EUR/USD easing up 0.21% to trade at 1.3608.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 was flat, France's CAC 40 dipped 0.15%, Germany's DAX added 0.1%, while London’s FTSE 100 tacked on 0.3%.
In a report, Eurostat said retail sales rose by a seasonally adjusted 0.7% in August, beating expectations for a 0.2% increase.
Retail sales for July were revised up to a 0.7% gain from a previously reported increase of 0.1%.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 0.3% in August from a year earlier, compared to expectations for a 1.5% decline, after falling 0.7% in July.
Following the release of the data, the euro added to gains against the U.S. dollar, with EUR/USD easing up 0.21% to trade at 1.3608.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 was flat, France's CAC 40 dipped 0.15%, Germany's DAX added 0.1%, while London’s FTSE 100 tacked on 0.3%.