Euro zone retail sales for March have come in much weaker than expected, down -0.6% m/m and -4.2% y/y, compared to median forecasts of +0.1% and -2.6% respectively.
February’s data was revised upwardly, to a -0.3% m/m fall from initial -0.6% contraction.
Somewhat surprisingly EUR/USD seems to be taking these disappointing numbers in it’s stride, effectively unchanged at 1.3315 post release.
