Eurozone Retail Sales rise 1.9% YoY in December, as expected

• Eurozone annual Retail Sales rose 1.9% in December.
• Retail Sales in the old continent arrived at -0.2% MoM in December.

Eurozone’s Retail Sales rose 1.9% in the year through December after increasing by a revised 1.6% in November, the official data released by Eurostat showed on Thursday. The data aligned with the market expectations.

On a monthly basis, Retail Sales in the old continent declined by 0.2% in the same period versus November’s 0% revision while coming in below the estimated -0.1% drop.

FX implications

The Eurozone data fails to lift the Euro. At the time of writing, the EUR/USD pair is trading 0.40% lower on the day at 1.0361.