Eurozone January retail gross sales -0.3% vs +0.1% m/m anticipated

• Prior -0.2%; revised to 0.0%

Looking at the breakdown, the volume of retail trade for food was up by 0.6% but was offset by declines in non-food products (-0.7%) and automotive fuel sales (-0.3%). The drop also comes as there was a slightly better revision to the December reading, so there’s that.

This article was written by Justin Low at www.forexlive.com.