Euro area Retail Sales decline by 0.3% in November as expected

• Retail Sales in the Euro area decreased by 0.3% in November as forecast.
• EUR/USD trades modestly lower on the day below 1.0950.

Retail Sales in the Euro area declined by 0.3% on a monthly basis in November, Eurostat reported on Monday. This reading followed the 0.4% (revised from 0.1%) increase recorded in October and came in line with the market expectation.

Other data from the Euro area revealed that the Economic Sentiment Indicator improved to 96.4 in December from 93.8 in November, while the Business Climate Index worsened to -0.45 from -0.39.

Market reaction

These data don’t seem to be having a noticeable impact on the Euro’s valuation. At the time of press, EUR/USD was down 0.05% on the day at 1.0935.