Shutterstock photo
Markets

Euro zone retail sales fall 0.2% in February

Shutterstock photo

Shutterstock photo

Investing.com -

Investing.com - Retail sales in the euro zone declined broadly in line with market expectations in February, underlining concerns over the region's economic outlook, official data showed on Wednesday.

In a report, Eurostat said retail sales decreased by a seasonally adjusted 0.2% in February, meeting forecasts. Retail sales rose by 0.9% in January, whose figure was revised down from a previously reported gain of 1.1%.

Year-over-year, retail sales in the euro zone increased at an annualized rate of 3.0% in February from a year earlier, in line with expectations and after rising 3.2% in January.

EUR/USD was trading at 1.0863 from around 1.0864 ahead of the release of the data, while EUR/GBP was at 0.7292 from 0.7293 earlier.

Meanwhile, European stock markets remained mixed. The EURO STOXX 50 inched up 0.1%, France's CAC 40 tacked on 0.3%, Germany's DAX declined 0.1%, while London's FTSE 100 rose 0.5%.

Investing.com offers an extensive set of professional tools for the financial markets.

Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx