Eurozone Retail Sales Fall Unexpectedly in July, June Figure Revised Upward
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
- Germany July retail sales plunge 3.4% MoM, missing forecasts.
- Eurozone July retail sales drop 0.6% MoM, fastest since May 2025.
- Eurozone July YoY sales up 0.6%; EU sales up 1.0%.
- Weak consumer data pressures EUR.
Germany’s retail sales experienced an unexpected and significant decline in July, falling 3.4% month-on-month, sharply contrasting with the anticipated 0.4% increase and reversing June’s flat performance. Annually, German retail sales also dropped 2.5%. Concurrently, Eurozone retail sales for June contracted by 0.6% month-on-month, against expectations for a 0.3% rise, despite an upward revision to May’s data. These weaker-than-forecast consumer spending figures across the region have put slight selling pressure on the Euro (EUR), with EUR/USD trading marginally lower near 1.1622 following the releases.
Eurozone retail sales declined 0.6% month-on-month in July, reversing a 0.2% increase recorded in June. This July decline was unexpected, as economists had forecast a 0.3% rise, and marked the fastest drop since May 2025. The fall was primarily driven by a 1.4% decrease in non-food product sales and a 0.8% reduction in automotive fuel sales, while food, drinks, and tobacco turnover increased 0.4%. Across the broader European Union, retail sales also fell 0.4% month-on-month in July. On an annual basis, Eurozone retail sales increased 0.6% in July, with EU sales rising 1.0%.