Eurozone's retail PMI falls to 51.4 in August

Market news

4 September 2015

Eurozone's retail PMI falls to 51.4 in August

Markit Economics released its retail purchasing managers' index (PMI) for Eurozone on Friday. Eurozone's construction purchasing managers' index (PMI) slid to 51.4 in August from 54.2 in July.

A reading above 50 indicates expansion in the sector.

Sales in Germany increased, while sales in France and Italy declined.

"There was some payback, though the PMI indices for year-on-year sales and gross margins remained close to their recent highs, pointing to solid underlying trends," an economist at Markit, Phil Smith, said.

Bundesbank President Jens Weidmann: an expansive monetary policy alone will not be enough to achieve the long-term growth

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