Eurozone November retail PMI 52.4 vs 51.1 prior

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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.”

Full report can be found here. But do take note that the summary report has France numbers wrongly printed at 51.2, it should be 52.2 if you go into the individual reports.

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.

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