August 2014 eurozone retail sales 1.2% vs 0.1% exp m/m

  • Prior -0.4%
  • 1.9% vs 0.5% exp y/y. Prior 0.8%. Revised to 0.5%

What does a 1.1% gain in retail sales get you? 3 pips. EUR/USD unchanged at 1.2630

So where did Europe go shopping?

Booze and fags was up 0.6% from -0.9% as well as Non food products like textiles, clothing and footwear was up 1.5% from 0.1%. Automotive fuel from specialised stores (whatever the hell they are) rose 1.7% from -0.4%

You know what they say about a market that can’t rally on good news?

Eurozone retail sales 03 10 2014

Eurozone retail sales 03 10 2014

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