Investing.com - Retail sales in Spain rose unexpectedly in November, easing concerns over the health of the region’s fourth-largest economy, official data showed on Monday.
In a report, INE-National Institute of Statistics said that Spanish retail sales rose by a seasonally adjusted 1.9% last month, easily surpassing expectations for a 0.3% decline. Retail sales fell by 0.5% in October.
Following the release of the data, the euro was modestly higher against the U.S. dollar, with EUR/USD inching up 0.06% to trade at 1.3753.
Meanwhile, European stock markets were little changed after the open. Spain’s IBEX35 was up 0.1%, the EURO STOXX 50 rose 0.1%, France's CAC 40 added 0.1%, London’s FTSE 100 declined 0.1%, while Germany's DAX shed 0.1%.
In a report, INE-National Institute of Statistics said that Spanish retail sales rose by a seasonally adjusted 1.9% last month, easily surpassing expectations for a 0.3% decline. Retail sales fell by 0.5% in October.
Following the release of the data, the euro was modestly higher against the U.S. dollar, with EUR/USD inching up 0.06% to trade at 1.3753.
Meanwhile, European stock markets were little changed after the open. Spain’s IBEX35 was up 0.1%, the EURO STOXX 50 rose 0.1%, France's CAC 40 added 0.1%, London’s FTSE 100 declined 0.1%, while Germany's DAX shed 0.1%.