Eurozone retail sector data signalled a month-on-month rise in sales, allowing for seasonal factors. The Markit Eurozone Retail PMI (Purchasing Managers’ Index), based on a mid-month survey of more than 1,000 executives in the retail sector, rose above the neutral level of 50.0 and signalled monthly growth of sales for the first time since May 2008. The latest reading of 50.3 pointed to only a very weak increase, but was nevertheless greater than the six-year survey average of 49.0.
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