Eurozone Retail Sales decline 0.7% YoY in February vs. -1.3% expected

  • Eurozone Retail Sales dropped 0.7% YoY in February vs. -1.3% estimate.
  • Retail Sales in the bloc arrived at -0.5% MoM in February vs. -0.4% forecast.

Eurozone’s Retail Sales dropped by 0.7% YoY in February, as against a 0.9% decline in January, the official data released by Eurostat showed on Friday. The market consensus was of -1.3%

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Italy Public Deficit/GDP increased to 5.5% in 4Q from previous 5%

Italy Public Deficit/GDP increased to 5.5% in 4Q from previous 5%
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EUR/JPY remains calm amid mixed Eurozone Retail Sales, trades around 164.10

EUR/JPY has recovered its intraday losses to move into positive territory, inching higher to near 164.10 during the European trading hours on Friday.
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