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06.05.2016 16:30

Germany's retail PMI drops to 51.0 in April

Markit Economics released its retail purchasing managers' index (PMI) for Germany on Friday. Germany's retail PMI dropped to 51.0 in April from 54.1 in March.

The driven was driven by a softer growth in buying activity, sales and employment.

"Today's PMI numbers signal a note of caution for German retailers, as growth in sales slowed sharply during the month," an economist at Markit, Oliver Kolodseike, said.

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