Euro area Retail Sales rise by 0.1% in October vs 0.2% expected – Crypto News – Crypto News
Connect with us
The Eurozone Sentix Investor Confidence Index worsened to -17.1 in June vs. -9.2 expected The Eurozone Sentix Investor Confidence Index worsened to -17.1 in June vs. -9.2 expected

others

Euro area Retail Sales rise by 0.1% in October vs 0.2% expected – Crypto News

Published

3 years ago

on

Share:

  • Retail Sales in the Euro area rose modestly in October.
  • EUR/USD continues to fluctuate in a tight channel slightly below 1.0800.

Retail Sales in the Euro area and the EU rose by 0.1% and 0.3%, respectively, on a monthly basis in October, Eurostat reported on Wednesday. On a yearly basis, Retail Sales contracted by 1.2% in the Euro area and by 0.9% in the EU.

“In the euro area in October 2023, compared with September 2023, the volume of retail trade increased by 0.8% for non-food products, while it decreased by 0.8% for automotive fuels and by 1.1% for food, drinks and tobacco,” Eurostat noted in its publication.

Market reaction

This report failed to trigger a noticeable market reaction. At the time of press, EUR/USD was virtually unchanged on the day at 1.0794.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending