Forex News: Retail sales in the euro area rose by 0.3% in October
Forex NewsThe index of retail sales in the euro area was slightly below expectations in October - +0.3% in a month and +1.1% in a year, Eurostat, the Statistical Office of the European Communities reported today. In September the index of retail sales in the euro area was -0.6% in a month and 1.4% in a year. Retail sales were expected to rise by 0.4% in a month and 1.5% in a year in October.
The retail sales of food, drinks and tobacco did not change in a month and fell by 0.8% in a year. The index of retail sales in non-food sector rose by 0.4% in a month and 2.2% in a year.
Although the reading was slightly below expectations, retail sales in the euro area rose substantially, compared with the preceding month, which, obviously, help euro consolidate its positions toward other currencies.
posted by Kalin Tasev @ 7:39 AM
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