March 2015 Eurozone retail sales -0.8% vs -0.7% exp m/m

Eurozone retail sales data for March - 6 May 2015

• Prior -0.2%
• 1.6% vs 2.4% exp y/y. Prior 3.0%
• EU 28 states -0.6% vs +0.1% prior m/m
• 2.5% vs 3.4% prior y/y

There may be signs of a recovery in Europe but if the UK and US are anything to go by, it's going to take a while for it to filter through to the consumer level

Non-food produce (-0.8% vs +0.7% prior) and auto fuel (-2.7% vs -1.0%) fell the most out of the data

EUR/USD falls 20 pips to 1.1212

Eurozone retail sales m/m