Eurozone Retail Sales decline 2.3% YoY in February vs. 1.9% expected

• Eurozone Retail Sales came in at 0.3% MoM in February vs. 1.0% expected.
• Retail Sales in the bloc arrived at -2.3% YoY in February vs. 1.9% expected.

Eurozone’s Retail Sales rose by 0.3% MoM in February versus 1.0% expected and -1.6% last, the official figures released by Eurostat showed on Monday.

On an annualized basis, the bloc’s Retail Sales came in at -2.3% in February versus -2.8% seen in January and 1.9% consensus forecast.