Eurozone Retail Sales rise by 1.4% YoY in October, beat estimates

• Eurozone Retail Sales rose by 0.2% MoM in October vs. 0.2% expected.

• Retail Sales in the bloc stood at 1.4% YoY in October vs. 1.2% expected.

Eurozone’s Retail Sales rose by 0.2% MoM in October versus 0.2% expected and -0.4% last, the official figures released by Eurostat showed on Friday.

On an annualized basis, the bloc’s Retail Sales came in at 1.4% in October versus 2.6% recorded in September and 1.2% estimated.

more to come ....

About Eurozone Retail Sales

The Retail Sales released by Eurostat are a measure of changes in sales of the Eurozone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Usually, the positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.