Eurostat released retail sales for the Eurozone today. Retail sales in the Eurozone climbed 0.4% in June, in line with expectations, after a 0.3% rise in May. May's figure was revised up from 0.0%.

On a yearly basis, retail sales in the Eurozone jumped 2.4% in June, beating expectations for a 1.2% gain, after a 0.6% increase in May. That was the fastest growth since March 2007.

May's figure was revised down from a 0.7% rise.

The annual increase was driven by a rise in sales of non-food products and sales of food, drinks and tobacco.

The highest growth was registered in Germany (+1.3%), Austria (+1.1%) and Poland (+1.0%). The largest decline was registered in Finland (-1.8%), Portugal (-1.4%), and Spain (-0.8%).

On a yearly basis, retail sales in Germany rose at fastest pace since February 2011.