April’s decline in Eurozone retail sales signals weaker consumer demand, pressuring EUR and raising growth concerns.
Eurozone retail sales dropped 0.4% in April, exceeding the expected 0.3% contraction. The decline follows a revised 0.8% gain in March, which was sharply higher than the initial 0.1% estimate.
The data reflects subdued consumer spending, a key driver of economic growth. Analysts had anticipated a softer pullback after March’s strong rebound, but April’s figures suggest persistent weakness in household demand.
The weaker-than-expected print may weigh on the EUR/USD pair, as investors reassess the Eurozone’s economic outlook amid broader growth uncertainties.