- 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.
