Eurozone Retail Sales rise 5.0% YoY in June vs. 4.5% expected, EUR/USD tests lows

• Eurozone Retail Sales increased by 1.5% MoM in June vs. +1.7% expected.

• Retail Sales in the bloc rose by 5.0% YoY in June vs. 4.5% expected.

Eurozone’s Retail Sales rose by 1.5% MoM in June versus 1.7% expected and 4.1% last, the official figures released by Eurostat showed on Wednesday.

On an annualized basis, the bloc’s Retail Sales increased by 5.0% in June versus 8.6% booked in May and 4.5% estimated.

more to come ....

About Eurozone Retail Sales

The Retail Sales released by Eurostat is a measure of changes in sales of the Eurozone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Usually, the positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.