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Eurozone Retail PMI at a four-month high

Friday, Mar 04 2016
Latest Eurozone Retail PMI data showed an almost unchanged level of sales in February compared to the month before, thereby ending a period of falling sales seen from November to January. By country, a rebound in sales in Germany was offset by further decreases in both France and Italy.   
At 50.1, the headline Markit Eurozone Retail PMI was at its highest level for four months in February, though consistent with only a negligible increase in sales. Retailers reported sales being lower in February than during the same month one year ago, which contrasted with year-on-year sales growth in January. 
 
Euro is currently being traded few points above 1.0960 level. Pair is likely to find support around 1.0850 handle and resistance above 1.1050 level. Later today, in the US session,  NFP and Trade Balance figures are scheduled for a release.
More in this category: « Australian Retail Sales rose 0.3% in January U.S. Trade Balance deficit increased to $45.7 billion in January »

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