Eurozone Retail Sales decline moderately by 0.1% MoM in March vs. 0.3% estimates

Eurozone Retail Sales, a key measure of consumer spending, decline by 0.1% month-on-month (MoM) in March, while it was expected to contract steadily by 0.3%. February’s figure was revised lower from -0.2%.

On an annualized basis, the consumer spending measure expands at a stronger pace of 1.2% against 1% estimates, but slower than the preliminary reading of 1.3%, revised lower from 1.7%.