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EMU: Annual Retail Sales decline slows down in January

On an annual basis Eurozone Retail Sales fell 1.3% in January, compared with the 3% decrease the previous month, Eurostat reported on Tuesday. This result is more positive than the expected 2.9% drop.

Month-over-month Eurozone Retail Sales grew 1.2% in January, after declining 0.8% in December and a notch above projections of 0.2% growth.

Forex: EUR/USD keeps the area of 1.3050/60

More positive data from the euro area, as the retail sales rose 1.2% on a monthly basis, and contracted 1.3% over the last twelve months, surpassing the median at +0.2% and -2.9%, respectively. The single...
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