The headline Markit Eurozone Retail PMI – which tracks the month-on-month changes in like-for-like retail sales in the bloc‟s biggest three economies combined – rose to 52.7 in April, from 49.5 in March, and signalled the steepest increase since July 2015. Sales were also up sharply on an annual basis, although this partly reflected the later timing of Easter. Contrary to the monthly trend, the increase was broad-based across each of the three monitored economies.
Eurozone Retail PMI rose to 52.7
Eurozone retailers recorded a rise in like-for-like sales during April, thereby reversing the downward trend seen in the previous two months. The upturn was underpinned by a strong expansion in Germany − the sharpest since July 2015 − and supported by a modest rise in France. In contrast, retail sales in Italy continued to fall, albeit to the weakest extent in five months.
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