Euro zone October retail sales -1.2% m/m, -3.6% y/y (ughh)

Demonstrably weaker than Reuters’ median forecasts -0.1%, -0.8% respectively.

To compound the crap data, Septembers’ numbers have been revised down as well. Revised to -0.6% m/m and -1.6% y/y from previous -0.2%, -0.8% respectively.

EUR/USD showing some resilience to the poor numbers, effectively unchanged post release at 1.3092.