Latest data released by Eurostat - 5 March 2019
- Prior -1.6%; revised to -1.4%
- Retail sales +2.2% vs +2.1% y/y expected
- Prior +0.8%; revised to +0.3%
A decent rebound following the poor showing in December, and this is largely reflected in the German reading that we saw last week already. This should at least provide some confidence with regards to consumption/retail activity in Q1 for the Eurozone economy.
EUR/USD holds at 1.1328 currently, little changed over the past hour or so. EUR/GBP is slightly lower at 0.8593 as the pound is a tad higher following the better-than-expected services PMI print earlier.
