Eurozone retail sales rose 0.8% in August vs. 1.0% expected

• Eurozone retail sales rose 0.8% year-on-year in August versus the 1.0% estimate.
• Block retail sales came in at 0.2% month-on-month in August, as expected.

Annual of the euro area Retail sales rose by 0.8% in August after falling by 0.1% in July, official data published by Eurostat showed on Monday. The data missed the market consensus of +1.0%.

Monthly, Retail sales on the old continent rose 0.2% in the same period from a revised 0% in July, meeting estimates of 0.2%.

FX implications

The mixed ones the euro zone data fails to move the needle around the euro. At the time of writing, EUR/USD the pair is trading 0.07% lower on the day at 1.0967.