country flagالعربية

Retail sales in the euro area rebounded in October and the euro is rising against major currencies

2018-12-05 02:01 pm | Resource: News | No Views : 163

 The euro rose against most major currencies on Friday after data from the euro zone showed retail sales rebound in October

Retail sales in the euro area rebounded in October

Seasonally adjusted retail volume in the euro zone rose by 0.3% in October from a month earlier, the European Union (EU) said on Wednesday. Across the EU (consisting of 28 countries), the volume of retail sales rose by 0.1% on a monthly basis.

Where retail sales grew by 0.3 percent from September, when they fell 0.5 percent, after the recession was revised earlier reported. Economists had expected a 0.2 percent increase in October. Automobile fuel sales increased by 1.0 per cent, and food, beverage and tobacco sales increased by 0.6 per cent. In contrast, non-food sales declined by 0.1%.

Year on year, retail sales rose 1.7% in October to a 0.3% increase in September, adjusted 0.8%. Economists had expected a 2 per cent rise. In the European Union (consisting of 28 countries).

Retail sales rose 0.1% from the previous month, when they fell 0.3%. Compared to last year, sales rose 2.1% in October after rising 1.3% in the previous month. The largest increases were recorded in Slovenia, Portugal and Austria, while the worst declines were found in Finland, Denmark and Sweden.

In other words, non-food products declined by 0.1% compared to September.

Among the member states, Slovenia's biggest retail sales were up 7.9%, while Finland's biggest decline, down 2%.

The euro is up against major currencies

After the release of retail data, the euro rose against most major currencies, trading at 1.1339 against the dollar, 128.12 against the yen, 1.1320 against the franc and 0.8911 against the pound

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.