Eurozone retail PMI rose to 52.3 in Feb, up from Jan’s 50.8.
Key points from release
- Headline Retail PMI rises to 52.3 from 50.8 in January
- Sales broadly unchanged on annual basis
- Gross margins remain under pressure
Quote:
“The latest data highlight another positive month for the eurozone retail sector, with sales up at a quicker pace on a monthly basis. In turn, this contributed to a renewed bout of optimism, with the survey’s measure of business confidence among the highest over the last year. Further expansions in purchasing activity and employment underscore retailers’ positive outlook. Nevertheless, gross margins continued to be squeezed, suggesting business conditions remain challenging.”
