Eurozone May retail sales -0.7% vs -0.7% m/m expected ...Middle East

Prior +0.1%; revised to +0.3%

Looking at the breakdown, there were declines across the board for food, drinks and tobacco sales (-0.7%), non-food product sales (-0.6%), and automotive fuel sales (-1.3%). Relative to May last year, euro area retail sales is still seen up 1.8% year-on-year though.

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

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