Retail Sales in the euro area took a strong plunge with the effect or rising inflation and commodity prices, especially fuel.

Sales in the euro area in March plunged 1.0% from a revised 0.3% rise in February from -0.1% and was worse that the expected 0.1% decline. On the year sales are down 1.7% from a revised 1.3% from 0.1% and below the expected flat reading.