Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Euro zone retail sales rise 0.6% in November

Published 01/08/2015, 05:03 AM
Updated 01/08/2015, 05:03 AM
Euro zone retail sales rise more than expected in November - Retail sales in the euro zone rose more than expected in November, easing concerns over the region’s economic outlook, official data showed on Thursday.

In a report, Eurostat said retail sales increased by a seasonally adjusted 0.6% in November, above forecasts for a gain of 0.1%.

Retail sales rose by 0.6% in October, whose figure was upwardly revised from a previously reported gain of 0.4%.

Year-over-year, retail sales in the euro zone increased at an annualized rate of 1.5% in November from a year earlier, easily surpassing expectations for a 0.2% gain and after rising 1.6% in October.

EUR/USD was trading at 1.1782 from around 1.1781 ahead of the release of the data, while EUR/GBP was at 0.7826 from 0.7825 earlier.

Meanwhile, European stock markets remained broadly higher. The EURO STOXX 50 rallied 1.25%, France's CAC 40 advanced 1.5%, Germany's DAX picked up 1.1%, while London’s FTSE 100 jumped 1.3%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.