Eurostat released its retail sales data for the Eurozone on Wednesday. Retail sales in the Eurozone rose 0.7% in April, in line with expectations, after a 0.6% fall in March. March's figure was revised up from a 0.8% drop.

The increase was driven by higher food, drinks and tobacco sales, which rose 1.3% in April.

Gasoline sales were up 0.6% in April, while non-food sales increased 0.3%.

On a yearly basis, retail sales in the Eurozone rose 2.2% in April, beating forecasts of a 2.0% gain, after a 1.7% increase in March. March's figure was revised up from a 1.6% rise.

The annual rise was driven by non-food sales, which gained 3.3%, and by gasoline sales, which increased 3.2%.

Food, drinks and tobacco sales rose 1.1%.