Eurozone Retail Sales rise 0.8% in March vs. 0.6% expected

Retail Sales in the Euro area rose more than expected in March.
EUR/USD stays in daily range slightly above 1.0750.

Eren Sengezer FXStreet

Retail Sales in the Euro area rose 0.8% on a monthly basis in March, Eurostat reported on Tuesday. This reading followed the 0.3% decline recorded in February and came in better than the market expectation for an increase of 0.6%. For 12 months, Retail Sales were up 0.7% in the Euro area.

In the EU, Retail Sales rose 1.2% and 2% on a monthly and yearly basis, respectively.

Market reaction

These readings failed to trigger a noticeable reaction in EUR/USD. At the time of press, the pair was down 0.1% on the day at 1.0760.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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