Eurozone Retail Sales Jump 1.3% YoY in June

Eurozone’s Retail Sales arrived at +5.7% MoM in June Vs +5.9% expected and +17.8% last, the latest data from the Eurostat showed on Wednesday.

On an annualized basis, the bloc’s Retail Sales came in at +1.3% in June Vs-5.1% seen in May and -0.5% expected.

The Retail Sales released by the Eurostat is a measure of changes in sales of the Eurozone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Usually, the positive economic growth anticipates “Bullish” for the EUR, while a low reading is seen as negative, or bearish, for the EUR.