Eurozone Retail Sales jump 1.3% YoY in June vs. -0.5% expected, EUR/USD tests highs

• Eurozone Retail Sales jumped 5.7% MoM in June vs. +5.9% expected.

• Retail Sales arrived at +1.3% YoY in June vs. -0.5% expected.

Eurozone’s Retail Sales arrived at +5.7% MoM in June versus +5.9% expected and +17.8% last, the latest data from the Eurostat showed on Wednesday.

On an annualized basis, the bloc’s Retail Sales came in at +1.3% in June versus -5.1% seen in May and -0.5% expected.

more to come ...

About Eurozone Retail Sales   

The Retail Sales released by the Eurostat is a measure of changes in sales of the Euro zone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Usually, the positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.