- EU Retail Sales in Line with Forecasts
- Minor Revision to Previous Reading
- EU Retail Sales in Line with Forecasts
- Minor Revision to Previous Reading
Key Data:
- Retail sales for August (m/m): 0.1% (forecast 0.1%; previous -0.4%)
- Retail sales for August (y/y): 1% (previous 2.1%)
In August, retail sales in the European Union increased by 0.1% month-on-month, seasonally adjusted, in line with economists' expectations. This is an improvement compared to July, when sales declined by 0.4%. On a year-on-year basis, retail sales grew by 1%, indicating a slowdown in consumption growth across EU countries compared to August of the previous year.
Following the release of the data, the euro weakened against the dollar, reflecting the market’s negative reaction to the consumption outlook in the Eurozone.
Source: xStation5
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