Eurozone Retail Sales fall 0.1% YoY in July vs. +0.1% expected

• Eurozone Retail Sales drop 0.1% YoY in July vs. +0.1% forecast.
• Retail Sales in the bloc arrived at 0.1% MoM in July vs. 0.1% estimate.

Eurozone’s Retail Sales fell 0.1% over the year in July after dropping by 0.4% in May, the official data released by Eurostat showed on Thursday. The data missed the market consensus of +0.1%.

On a monthly basis, Retail Sales in the old continent increased by 0.1% in the same period vs. June’s -0.4% and +0.1% expected.

FX implications

The mixed Eurozone data fails to move the needle around the Euro. At the time of writing, the EUR/USD pair is trading 0.15% higher on the day at 1.1100.