Eurozone Retail Sales rises 0.2% MoM in May, misses 0.3% estimates
Eurozone Retail Sales rise at a moderate pace of 0.2% Month-on-Month (MoM) in May against the estimates of 0.3%. In April, Retail Sales, a key measure of consumer spending, declined by 0.4%. On an annualized basis, the consumer spending measure rises by 1.6%, as expected, stronger than the previous reading of 1%.
Market reaction
No immediate impact seen in the Euro (EUR), following the data release. At press time, EUR/USD trades 0.15% lower at around 1.1420.
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