Eurozone Retail Sales rise 1.5% YoY in March vs. 1.6% expected

• Eurozone annual Retail Sales rose 1.5% in March.
• Retail Sales in the old continent came in at -0.1% MoM in March.

The Eurozone’s Retail Sales increased 1.5% year-over-year in March, following a revised 1.9% growth in February, according to official data released by Eurostat on Wednesday. Markets estimated a 1.6% figure.

On a monthly basis, Retail Sales in the old continent declined 0.1% in the same period versus February’s +0.2% revision while coming in below the 0% estimated reading.

FX implications

The Eurozone data fail to move a needle around the Euro. The EUR/USD pair is trading 0.08% lower on the day at 1.1360, as of writing.