Euro zone retail sales grew quicker than thought in June, data showed on Wednesday, reinforcing views that the bloc remains resilient to trade uncertainty thanks to the continued rebound in domestic consumption.

Retail sales in the 20 nations sharing the euro currency expanded by 3.1% in June from a year earlier, well above the 2.6% seen by economists in a Reuters poll.

While the 0.3% monthly growth rate trails expectations for 0.4%, figures for the previous two months were both revised up significantly, leaving the annual trend on a higher path than previously thought.

The euro zone economy was expected to struggle in the second quarter as a global trade war weighed on sentiment but a slew of indicators, from GDP figures to sentiment readings, suggest that the bloc is holding up.

The

See Full Page