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Eurozone Retail PMI fell to 47.9

Friday, May 06 2016
Retail sales fell in the euro area at the start of the second quarter, according to Markit’s Eurozone Retail PMI, which tracks retail sector performance across Germany, France and Italy. Moreover, the rate of decline was the fastest since February 2015. At 47.9, down from March’s 49.2, the headline Markit Eurozone Retail PMI signalled a fall in sales for the second month in a row in April. 
Behind this were downturns in sales in both France and Italy, while growth slowed to a three-month low in Germany. Sales were also lower in April compared with the same month one year ago, which contrasted with growth on a year-on-year basis in March. 
 
Euro is currently being traded few points below 1.1420 level. Pair is likely to find support around 1.14 handle and resistance above 1.15 level. Later today, in the US session, NFP figures will be released.
More in this category: « Sterling stable in European part of the Friday's session Nonfarm payroll employment increased less than expected »

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