FXStreet (Mumbai) – Retail sales in the euro area returned to growth in July on a monthly basis, albeit slightly missing estimates, the Eurostat reported on Thursday.
Retail volumes in the 19-nation bloc added 0.4% m/m in the July, after falling downwardly revised 0.2% in the previous month. Economic desks had bet on 0.5% growth in July.
On annual basis, the Retail Sales Index added 2.7%, accelerating from the upwardly revised growth of 1.7% snatched in June. Market consensus had expected a 2.0% upturn in the month.
(Market News Provided by FXstreet)