Latest data released by Eurostat - 3 October 2018
- Prior -0.2%; revised to -0.6%
- Retail sales +1.8% vs +1.7% y/y expected
- Prior +1.1%; revised to +1.0%
The year-on-year reading is very much in-line with estimates but the fall in the monthly reading along with negative revisions make this a rather poor report. However, this is very much low-tier data and provides a general indicator of retail/consumption sentiment.
The euro has given up some of its earlier gains though trading now at 1.1570 against the dollar. EUR/GBP is also lower at 0.8893 currently while EUR/JPY sits at 131.72.
