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- Eurozone's retail PMI rises to 49.0 in January
Eurozone's retail PMI rises to 49.0 in January
Markit Economics released its retail purchasing managers' index (PMI) for Eurozone on Thursday. Eurozone's construction purchasing managers' index (PMI) rise to 49.0 in January from 58.9 in December.
A reading above 50 indicates expansion in the sector, a reading below 50 indicates contraction.
Sales in Germany, France and Italy remained below 50.
"Sales were higher in January than the situation one year ago, although on a monthly basis they have slipped steadily since November. This loss of momentum is largely reflective of a slowdown in Germany, where sales have now fallen twice in the past three months, albeit marginally," an economist at Markit, Phil Smith, said.
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