Eurozone retail sales fell at sharpest rate in February since March 2009

Eurozone retail sales survey data for February signalled another tough trading month with the seasonally adjusted Eurozone Retail PMI (Purchasing Managers’ Index) falling further to 44.2, the lowest reading since March 2009 and indicative of the sharpest monthly dip in sales in the interval. The PMI was also below its long-run trend level of 48.9 in February. Any figure greater than 50.0 represents monthly growth of sales.

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