Investing.com - Retail sales in the euro zone fell more-than-expected in September, adding to concerns over the region’s economic outlook, official data showed on Wednesday.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.2% in September, compared to expectations for a 0.1% decline.
Retail sales for August were revised up to a 0.2% gain from a previously reported increase of 0.1%.
Year-over-year, retail sales in the euro zone fell at an annualized rate of 0.8% in September, in line with expectations, after falling at a revised rate of 1.3% in August.
Following the release of the data, the euro was higher against the U.S. dollar, with EUR/USD adding 0.2% to trade at 1.2839.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 rose 0.7%, France's CAC 40 climbed 0.75%, London’s FTSE 100 advanced 0.4%, while Germany's DAX tacked on 0.5%.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.2% in September, compared to expectations for a 0.1% decline.
Retail sales for August were revised up to a 0.2% gain from a previously reported increase of 0.1%.
Year-over-year, retail sales in the euro zone fell at an annualized rate of 0.8% in September, in line with expectations, after falling at a revised rate of 1.3% in August.
Following the release of the data, the euro was higher against the U.S. dollar, with EUR/USD adding 0.2% to trade at 1.2839.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 rose 0.7%, France's CAC 40 climbed 0.75%, London’s FTSE 100 advanced 0.4%, while Germany's DAX tacked on 0.5%.