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News

Eurozone Retail Sales rise by 1.9% YoY in October vs. 1.7% expected

  • Eurozone annual Retail Sales beat estimates with 1.9% in October.
  • Retail Sales in the old continent came in at -0.5% MoM in October.

Eurozone’s Retail Sales rose at an annual rate of 1.9% in October after increasing by a revised 3.0% in September, the official data released by Eurostat showed on Thursday. The data beat the market consensus of +1.7%.

On a monthly basis, Retail Sales in the old continent dropped by 0.5% in the same period, compared to September’s +0.5% while missing the estimated 0.3% decline.

FX implications

The mixed Eurozone data fails to deter Euro buyers. At the time of writing, the EUR/USD pair is trading 0.18% higher on the day at 1.0530.

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