Eurostat released its retail sales data for the Eurozone on Wednesday. Retail sales in the Eurozone dropped 0.6% in June, missing expectations for a 0.3% fall, after a 0.1% increase in May. May's figure was revised down from a 0.2% rise.

The increase was driven by lower food, drinks and tobacco and non-food sales. Food, drinks and tobacco sales declined 0.8% in June, while non-food sales decreased 0.2% in May.

Gasoline sales were flat in June.

On a yearly basis, retail sales in the Eurozone rose 1.2% in June, missing forecasts of a 1.9% gain, after a 2.6% increase in May. May's figure was revised up from a 2.4% rise.

The annual rise was driven by non-food sales, gasoline sales, and food, drinks and tobacco and non-food sales.

Non-food sales gained 2.3% in June, gasoline sales increased 1.8%, while food, drinks and tobacco sales rose 0.1%.