ECONOMICS COMMENTARY
May 07, 2014
Eurozone retail PMI hits three-year high
April saw a rise in the level of retail sales in the euro area, according to the latest PMI data from Markit. Although only modest, growth in sales was the fastest in three years and underpinned by gains in both Germany and France. Italy meanwhile posted only a marginal reduction in trade on the month, the rate of decline in the eurozone's third-largest economy having eased markedly since March.
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