Markit Economics released its retail purchasing managers' index (PMI) for Eurozone on Thursday. Eurozone's construction purchasing managers' index (PMI) jumped to 54.2 in July from 50.4 in June. It was the highest level since January 2011.

A reading above 50 indicates expansion in the sector.

Germany, France and Italy were the main contributors.

"July's retail PMI showed sales growth accelerating sharply as levels of trade rose across Germany, France and Italy. Each made positive strides since June though it was Germany that remained by far the brightest performer, recording a sharp increase in sales that was the fastest since late-2006," an economist at Markit, Phil Smith, said.