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The month-on-month change in the volume of retail trade across the euro area.
| Published by | Eurostat |
|---|---|
| Country | Euro Area |
| Currency affected | EUR |
| Release frequency | Monthly |
| Usual release time | 09:00 GMT (UTC+00:00) |
| Impact rating | Low impact |
| Typical volatility | 10-20 pips on EUR/USD inside the first 30 minutes |
The Eurozone Retail Sales (MoM) is released monthly by Eurostat, usually at 09:00 GMT (UTC+00:00). These are the dates inside our calendar window.
Every release in the window has already been published. The next one falls outside the four-week demo calendar.
Euro-area consumption has been the weak link in the recovery, so the series is watched for signs of a turn.
It is released late relative to national data, which limits the surprise element.
Typical volatility around the release is 10-20 pips on EUR/USD inside the first 30 minutes. That is an average, not a limit: when the figure lands far from consensus, or when it contradicts the central bank's own guidance, the move can be several times larger and can extend for the rest of the session.
| Pair | Why it reacts |
|---|---|
| EUR/USD | Minor euro impulse. |
| EUR/GBP | Relative-consumer trade. |
| EUR/JPY | Minor. |
Surprise is the released figure minus the consensus forecast, in the units of the release. Green means the figure printed above consensus, red below.
| Release date | Period | Previous | Forecast | Actual | Surprise |
|---|---|---|---|---|---|
| 6 Jul 2026 | Jun 2026 | 0.5% | 0.4% | 0.6% | +0.2 |
| 6 Jun 2026 | May 2026 | 0.2% | 0.5% | 0.5% | 0.0 |
| 7 May 2026 | Apr 2026 | 0.3% | 0.1% | 0.2% | +0.1 |
| 7 Apr 2026 | Mar 2026 | 0.0% | 0.3% | 0.3% | 0.0 |
| 8 Mar 2026 | Feb 2026 | 0.5% | 0.0% | 0.0% | 0.0 |
| 6 Feb 2026 | Jan 2026 | 0.7% | 0.6% | 0.5% | -0.1 |
| 7 Jan 2026 | Dec 2025 | -0.3% | 0.9% | 0.7% | -0.2 |
| 8 Dec 2025 | Nov 2025 | -0.2% | -0.5% | -0.3% | +0.2 |
Eurostat publishes the Eurozone Retail Sales (MoM) for Euro Area. It is released monthly, typically at 09:00 GMT (UTC+00:00).
We rate this release low impact. In our sample the typical move is 10-20 pips on EUR/USD inside the first 30 minutes, though a large deviation from consensus can produce considerably more.
EUR/USD, EUR/GBP, EUR/JPY carry the cleanest reaction. Minor euro impulse.
No. The currency reaction depends on how the figure changes the expected path of interest rates, not on whether the headline is high or low. The same surprise can be read very differently depending on the central bank's current stance.