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!