• Eurozone Retail Sales came in at 0.4% MoM in September vs. 0.4% expected.
• Retail Sales in the bloc arrived at -0.6% YoY in September vs. -1.3% expected.

Eurozone’s Retail Sales rose by 0.4% MoM in September versus 0.4% expected and 0% last, the official figures released by Eurostat showed on Tuesday.

On an annualized basis, the bloc’s Retail Sales came in at -0.6% in September versus -1.4% recorded in August and -1.3% consensus forecast.

FX implications

The euro cheers the upbeat Eurozone data alongside a renewed weakness in the US Dollar across the board. At the time of writing, the major is trading at 0.9999, down 0.18% on the day.

About Eurozone Retail Sales

The Retail Sales released by Eurostat are a measure of changes in sales of the Eurozone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Usually, positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.