Eurozone Retail Sales rose 0.2% in May
In May 2015 compared with April 2015, the seasonally adjusted volume of retail trade rose by 0.2% in the euro area, beating expectations on 0.1% increase. The 0.2% increase in the volume of retail trade in the euro area in May 2015, compared with April 2015, is due to rises of 0.4% for both “Food, drinks and tobacco” and non-food products, while automotive fuel fell by 0.7%.
In May 2015 compared with May 2014 the retail sales index increased by 2.4%. The 2.4% increase in the volume of retail trade in the euro area in May 2015, compared with May 2014, is due to rises of 3.4% for non-food products, of 1.7% for “Food, drinks and tobacco” and of 0.7% for automotive fuel.
Data did not have any major impact on the market with euro currently being traded few points above 1.11 handle. Pair is likely to find support around 1.1060 area and resistance above 1.1130 level. There will be no major data releases in the rest of the session.
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