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- Eurozone's retail PMI rises to 50.1 in February
Eurozone's retail PMI rises to 50.1 in February
Markit Economics released its retail purchasing managers' index (PMI) for Eurozone on Friday. Eurozone's construction purchasing managers' index (PMI) rise to 50.1 in February from 48.9 in January.
A reading above 50 indicates expansion in the sector, a reading below 50 indicates contraction.
Higher sales in Germany offset lower sales in France and Italy.
"It was once again left to German consumers to support overall retail sales, with a rebound in the euro area's largest economy just enough to counteract continuing weakness in both France and Italy," an economist at Markit, Phil Smith, said.
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