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06.05.2016 16:37

Eurozone's retail PMI declines to 47.9 in April

Markit Economics released its retail purchasing managers' index (PMI) for Eurozone on Friday. Eurozone's construction purchasing managers' index (PMI) declined to 47.9 in April from 49.2 in March.

A reading above 50 indicates expansion in the sector, a reading below 50 indicates contraction.

Sales in France and Italy declined in April, while sales growth in Germany was softer.

"It was a disappointing start to the second quarter for retailers across the big-three Eurozone economies," an economist at Markit, Phil Smith, said.

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