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Eurozone Retail Sales up by 1.1%

Wednesday, Mar 04 2015
In January 2015 compared with December 2014, the seasonally adjusted volume of retail trade rose by 1.1% in the euro area and by 0.8% in the EU28. Smaller growth by 0.2% was forecasted. In December retail trade rose by 0.4% in both zones. 
 
The 1.1% increase in the volume of retail trade in the euro area in January 2015, compared with December 2014, is due to rises of 3.2% for automotive fuel, of 1.2% for the non-food sector and of 1.0% for “Food, drinks and tobacco”. In the EU28, the 0.8% increase in retail trade is due to rises of 2.9% for automotive fuel, of 0.8% for the non-food sector and of 0.6% for “Food, drinks and tobacco”. 
 
Data did not have any major impact on the markets with euro currently being traded few points above 1.1130 level. Pair is likely to find support around 1.11 level and resistance above 1.1170 area. Later today, in the US session, ADP job figures and Non-Manufacturing PMI data is scheduled for a release.
More in this category: « U.K. Services PMI missed market forecasts Private sector employment increased by 212,000 »

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