Eurozone Retail Sales rise 1.5% YoY in January vs. 1.9% expected

• Eurozone annual Retail Sales rose 1.5% in January.
• Retail Sales in the old continent came in at -0.3% MoM in January.

Eurozone’s Retail Sales rose 1.5% in the year through January after a revised 2.2% growth in December, the official data released by Eurostat showed on Thursday. The data missed the market expectations of 1.9%.

On a monthly basis, Retail Sales in the old continent declined by 0.3% in the same period versus December’s 0% revision while coming in below the expected 0.1% increase.

FX implications

The Eurozone data stalls the renewed upside in the Euro. When writing, the EUR/USD pair is trading 0.09% higher on the day at 1.0798.