Latest data released by Eurostat - 8 January 2018
- Prior m/m -1.1%
- Retail sales y/y +2.8% vs +2.4% expected
- Prior y/y +0.4%; revised to +0.2%
A stronger than expected reading. Eurostat attributes it to a higher rise in non-food products, meanwhile retail trade volume in Portugal, Slovenia, Germany, and Croatia contributed the highest increases.
Full report here.
While consumer sentiment in the UK erodes, we're seeing none of that in the Eurozone as consumer sentiment remains rather well to do.
EUR/USD at 1.1993 - not much of a change from before the data release.
