Eurozone Retail Sales rose by 0.7%

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Wednesday, Jun 03 2015

In April 2015 compared with March 2015, the seasonally adjusted volume of retail trade rose by 0.7% in line with market predictions. The 0.7% increase in the volume of retail trade in the euro area in April 2015, compared with March 2015, is due to rises of 1.3% for “Food, drinks and tobacco”, of 0.6% for automotive fuel and of 0.3% for the non-food sector. In the EU28, the 0.6% increase in retail trade is due to rises of 0.8% for “Food, drinks and tobacco”, of 0.7% for automotive fuel and of 0.5% for the non-food sector.

Separate report, on unemployment arte showed decline to 11.1% in April 2015, down from 11.2% in March 2015, and down from 11.7% in April 2014. Decline to 11.2% was anticipated. Eurostat estimates that 23.504 million men and women in the EU28, of whom 17.846 million in the euro area, were unemployed in April 2015.

Euro fell after the figures is currently being traded few points above 1.11 area. Pair is likely to find support around 1.1050 and resistance above 1.1180 level. Later today, in the US session, ADP job figures as well as Trade Balance and Non-Manufacturing PMI data is scheduled for a release.

More in this category: « UK Services PMI at a five-month low ADP report showed increase by 201,000 jobs »

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