• October saw a seventh successive monthly rise in eurozone retail sales

Market news

7 November 2017

October saw a seventh successive monthly rise in eurozone retail sales

October saw a seventh successive monthly rise in sales at eurozone retailers. This was the longest period of growth in nearly 11 years. The expansion was broad-based across the "big-three‟ euro area economies. That said, the rate of growth eased amid weaker increases in France and Germany, and was only slight overall. The headline IHS Markit Eurozone Retail PMI® - which tracks the month-on-month changes in retail sales in the bloc‟s biggest three economies combined - dropped to 51.1 in October, from 52.3 in September. In contrast, sales were down on an annual basis, thereby reversing the upturn seen in the previous survey period

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