Eurostat released its retail sales data for the Eurozone on Monday. Retail sales in the Eurozone were flat in August, beating expectations for a 0.1% decline, after a 0.6% increase in June. July's figure was revised up from a 0.4% rise.

The increase was driven by higher gasoline sales, which rose 1.8% in August.

Food, drinks and tobacco sales were up 0.8% in August, while non-food sales decreased 0.3%.

On a yearly basis, retail sales in the Eurozone climbed 2.3% in August, exceeding forecasts of a 1.8% gain, after a 3.0% increase in July. July's figure was revised up from a 2.7% rise.

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

Non-food sales gained 2.0% in August, gasoline sales increased 3.6%, while food, drinks and tobacco sales rose 2.5%.