Actual sales continued to underperform relative to previously-set plans midway through the first quarter. Although easing slightly from the beginning of the year, the degree of the shortfall remained marked. The degree to which actual sales fell short of targets widened in Germany, while narrowing in both France and Italy.
Eurozone Retail PMI
- Tuesday, Mar 06 2018
Eurozone retailers reported an eleventh consecutive monthly rise in like-for-like sales during February. Moreover, the rate of expansion quickened from January‟s five-month low and was solid overall. The acceleration at the eurozone level reflected sharper rises in Germany and France, and renewed growth in Italy. The headline IHS Markit Eurozone Retail PMI® rose to 52.3 in February, from 50.8 in January. Sales were broadly unchanged when compared tothe same month one year prior, after having beendown in January and December.