Eurozone March retail sales +0.8% vs +0.7% m/m expected

• Prior -0.5%; revised to -0.3%

Euro area retail sales edged higher in March, following a better revision in February as well. Looking at the details, here is the breakdown for the month:

• Food, drinks, tobacco +1.2%
• Non-food products 0.0%
• Automotive fuel +2.0%

The year-on-year reading also moves back up to positive territory, seen at +0.7%. But this is very much a lagging data point after we already got the Q1 GDP numbers last week.

This article was written by Justin Low at www.forexlive.com.