Eurozone Retail Sales decline 0.7% YoY in February vs. -1.3% expected

• Eurozone Retail Sales dropped 0.7% YoY in February vs. -1.3% estimate.
• Retail Sales in the bloc arrived at -0.5% MoM in February vs. -0.4% forecast.

Eurozone’s Retail Sales dropped by 0.7% YoY in February, as against a 0.9% decline in January, the official data released by Eurostat showed on Friday. The market consensus was of -1.3%

Retail Sales in the old continent fell 0.5% over the month in the same period vs. January’s 0% and -0.4% expected.

FX implications

Mixed Eurozone data failed to move the needle around the Euro. At the time of writing, the EUR/USD pair is trading at 1.0834, almost unchanged on the day.