Latest data released by Markit 6 Dec 2017
- Germany Nov retail PMI 54.6 vs 51.2 prior
- France Nov retail PMI 52.2 vs 51.5 prior
The Eurozone headline hit a 5-month high, while numbers in Germany and France hit 6-month and 2-month highs respectively.
According to Markit, “the latest data paint a generally robust picture of the eurozone retail sector, with sales up on both a monthly and annual basis. Rises in purchasing activity and employment, combined with the strongest degree of business confidence since early-2016 bodes well for further growth over the coming festive period.”
Just a small data point but it highlights positive consumer sentiment in the Eurozone for the time being. EUR/USD is finding itself moving lower on the day at 1.1813 now, nearing session lows as the dollar steadies following a mixed session so far.