Latest data released by Eurostat - 6 May 2019
- Prior +0.4%; revised to +0.5%
- Retail sales +1.9% vs +1.8% y/y expected
- Prior +2.8%; revised to +3.0%
A flat reading for consumption activity for the month of March but this is very much a lagging data point as it feeds into overall Q1 economic growth. The upwards revision makes this a decent report but it's nothing to shout about really.
EUR/USD holds steady at 1.1185 on the day, slightly weaker still. EUR/GBP is staying firm at 0.8533 near the highs as the pound continues to languish in trading so far today.
