Eurozone Retail Sales decline 0.2% MoM in February, as expected

Eurozone Retail Sales, a key measure of consumer spending, decline by 0.2% month-on-month (MoM) in February, as expected, slower than 0.1% in January. On an annualized basis, the consumer spending measure expands 1.7%, faster than 1.6% estimates, but slower than the preliminary reading of 2.1%, revised higher from 2%.

Market reaction

No immediate impact on the Euro (EUR) has been observed, following the Eurozone Retail Sales data release. As of writing, EUR/USD trades 0.8% higher to near 1.1690.