• Retail Sales in the euro area edged lower in September.
  • EUR/USD continues to push lower after the data. 

According to the monthly data published by Eurostat, Retail Sales in the euro area fell by 0.3% on a monthly basis in September after rising by 1% in August. This reading missed the market expectation for an increase of 0.2%.

Further details of the publication revealed that Retail Sales declined by 0.2% in the EU. 

“In September 2021 compared with September 2020, the calendar-adjusted retail sales index increased by 2.5% in the euro area and by 3.2% in the EU,” Eurostat noted.

Market reaction

The EUR/USD pair remains on the back foot after this report and was last seen losing 0.13% on a daily basis at 1.1536.

This article was originally published by Fxstreet.com.Read the original article here.


Please enter your comment!
Please enter your name here