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Eurozone Retail Sales up by 0.6%

Thursday, Jan 08 2015
In November 2014 compared with October 2014, the seasonally adjusted volume of retail trade1 rose by 0.6% in the euro area. 0.3% increase was expected. In November 2014 compared with November 20134 the retail sales index increased by 1.5% in the euro area and by 2.6% in the EU28. 
 
The 0.6% increase in the volume of retail trade in the euro area in November 2014, compared with October 2014, is due to rises of 1.4% for both the non-food sector and automotive fuel and of 0.5% for “Food, drinks and tobacco”. In the EU28, the 0.8% increase in retail trade is due to rises of 1.7% for the non-food sector, of 1.2% for automotive fuel and of 0.4% for “Food, drinks and tobacco”. 
 
Data had no major impact on euro which is currently being traded slightly above 11780 level. Pair is likely to find support around 1.1770 area and resistance above 1.1830 level. Later today, in the US session Unemployment Claims figures are scheduled for a release.
More in this category: « UK house prices rose by 0.9% in December BoE left its interest rates unchanged »

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