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Euro zone retail sales rise 0.4% in April

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Investing.com -

Investing.com - Retail sales in the euro zone rose more than expected in April, easing concerns over the region's economic outlook, official data showed on Thursday.

In a report, Eurostat said retail sales increased by a seasonally adjusted 0.4% in April, compared to expectations for a 0.1% gain. Retail sales increased 0.1% in March, whose figure was revised down from a previously reported gain of 0.3%.

Year-over-year, retail sales in the euro zone rose at an annualized rate of 2.4% in April from a year earlier, easily surpassing expectations for a 1.3% gain and after rising 1% in March.

Following the release of the data, the euro held on to modest gains against the U.S. dollar, with EUR/USD rising 0.1% to trade at 1.3613.

Meanwhile, European stock markets remained mixed. The Euro Stoxx 50 dipped 0.1%, France's CAC 40 added 0.1%, Germany's DAX edged down 0.15%, while London's FTSE 100 tacked on 0.1%.

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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.

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