Eurozone Retail Sales dropped in July due to a decline in the sales of clothing, according to the latest data published by the EU’s statistics agency, Eurostat, on Wednesday. Retail Sales in the 19-nation bloc fell by 0.6% m/m in July vs. +1.2% seen in June and -0.6% last. On an annualized basis, Eurozone Retail Sales rose by 2.2% in the reported month vs. +2.8% previous and +2.0% expected. The EUR/USD pair extends its recovery mode above the 1.10 handle despite a drop in the Eurozone Retail Sales and dovish ECB President Nominee Lagarde, as broad-based US dollar weakness continues to push the pair higher. About Eurozone Retail Sales The Retail Sales released by the Eurostat is a measure of changes in sales of the Eurozone 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. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK: Service sector slows further as Brexit uncertainty builds – ING FX Street 4 years Eurozone Retail Sales dropped in July due to a decline in the sales of clothing, according to the latest data published by the EU's statistics agency, Eurostat, on Wednesday. Retail Sales in the 19-nation bloc fell by 0.6% m/m in July vs. +1.2% seen in June and -0.6% last. On an annualized basis, Eurozone Retail Sales rose by 2.2% in the reported month vs. +2.8% previous and +2.0% expected. The EUR/USD pair extends its recovery mode above the 1.10 handle despite a drop in the Eurozone Retail Sales and dovish ECB President Nominee Lagarde, as broad-based US dollar weakness continues… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
