Retail Sales Surprise in Europe but PPI Points to Weaker Inflation - Forex News by FX Leaders

Retail Sales Surprise in Europe but PPI Points to Weaker Inflation

Posted Friday, August 2, 2019 by
Skerdian Meta • 1 min read

The economic data from the Eurozone has been weakening in recent months, especially manufacturing. The consumer confidence has also been deteriorating as the broader economic projections look gloomy in Europe. Although, today we see some really positive figures from the retail sales reports.

Retail sales posted a decent jump of 1.1% in June after the decline we saw in May. In Italy, retail sales posted an even bigger jump of 1.9% and coming from three negative months previously, it looks even better. Have a look at the table below:

Economic DataActualExpectedPrevious
Eurozone Retail Sales MoM1.1%0.3%-0.3%
Eurozone Retail Sales YoY2.6%1.3%-0.6%
Italian Retail Sales MoM1.9%0.4%-0.6%
Eurozopne PPI MoM-0.6%-0.4%-0.1%
Eurozopne PPI YoY0.7%0.8%1.6%

The jump in retail sales is a good sign for the weeks to come. But the softer PPI (producer price index) numbers are worrying because it means that CPI (consumer price index) inflation will be affected negatively in the following months.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of