Eurozone Retail Sales rise 0.8% in March vs. 0.6% expected

• Retail Sales in the Euro area rose more than expected in March.
• EUR/USD stays in daily range slightly above 1.0750.

Retail Sales in the Euro area rose 0.8% on a monthly basis in March, Eurostat reported on Tuesday. This reading followed the 0.3% decline recorded in February and came in better than the market expectation for an increase of 0.6%. For 12 months, Retail Sales were up 0.7% in the Euro area.

In the EU, Retail Sales rose 1.2% and 2% on a monthly and yearly basis, respectively.

Market reaction

These readings failed to trigger a noticeable reaction in EUR/USD. At the time of press, the pair was down 0.1% on the day at 1.0760.