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Euro zone retail sales rise 1.2% in January

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Investing.com - Retail sales in the euro zone rose significantly more-than-expected in January, official data showed on Tuesday.

In a report, Eurostat said retail sales rose by a seasonally adjusted 1.2% in January, blowing past expectations for a 0.2% gain.

Retail sales fell by 0.8% in December.

Year-over-year, retail sales in the euro zone dropped at an annualized rate of 1.3% in January from a year earlier, compared to expectations for a 2.9% decline, after declining 3% in December.

Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.23% to trade at 1.3056.

Meanwhile, European stock markets remained higher. The EURO STOXX 50 rallied 1.6%, France's CAC 40 rose 1.4%, London's FTSE 100 advanced 0.8%, while Germany's DAX jumped 1.7%.

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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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