04.05.2007 In March retail sales in the euro area grew more than expected

Retail sales in the euro area rose in March by 0.5%, Eurostat, the Statistical Office of the European Communities reported today. In the preceding month retail sales grew by 0.3%, while the analysts estimated 0.4% growth.
At the annual rate retail sales in the euro area grew in March by 2.6% , compared with 1.2% in the preceding month.

Retail sales in non-food sector grew in March by 0.2% on month and 2.7% on year.

As a rule, the index increase produces limited positive influence upon euro, mainly in middle- and long term.