Eurozone retail sales risks a bigger drop – KBC

FXStreet (Barcelona) - The KBC Bank Research Team comments on the Eurozone retail sales data to be released ahead in the day, expecting a larger than expected (0.2%mom) decline.

Key Quotes

“After having increased for four consecutive months, euro zone retail sales are expected to have dropped slightly in February. The consensus is looking for a decline by 0.2% M/M. We believe however that the risks are for a bigger drop after national data showed that retail sales fell in Germany, Spain and Portugal, but increased marginally in France. The drop is however no reason for concern following very strong data over the previous months.”