Investing.com – Sales volumes in the euro zone retail sector sagged unexpectedly in April, official data showed on Thursday.
In a report, Eurostat, the statistical office of the European Union, said inflation adjusted trade volume decreased by 1.2% in the euro area in April, the sharpest drop since October 2008.
The decrease came after growth of 0.5% in March, whose figure was revised up from 0.0%.
Economists had predicted an increase to 0.1% in April.
Following the release of the data, the euro was flat against the U.S. dollar, with EUR/USD trading at 1.2249.
In a report, Eurostat, the statistical office of the European Union, said inflation adjusted trade volume decreased by 1.2% in the euro area in April, the sharpest drop since October 2008.
The decrease came after growth of 0.5% in March, whose figure was revised up from 0.0%.
Economists had predicted an increase to 0.1% in April.
Following the release of the data, the euro was flat against the U.S. dollar, with EUR/USD trading at 1.2249.