Eurozone Retail Sales decline 2.3% YoY in February vs. 1.9% expected

According to official data issued by Eurostat on Monday, retail sales in the Eurozone increased by 0.3% MoM in February, compared to a 1.0% expectation and a -1.6% decline in January.

Annualized Retail Sales for the bloc were down 2.3% in February compared to -2.8% in January and the consensus estimate of 1.9%.