November’s Eurozone Retail PMI survey pointed to a third straight monthly fall in sales, with downturns recorded across each of the currency area’s bigthree member states. However, growth in retailers’ spending on goods for resale and employment reflected a generally positive outlook towards yearend sales prospects.
At 48.6 in November, the seasonally adjusted headline Markit Eurozone Retail PMI – which tracks month-on-month changes in like-for-like retail sales in the bloc’s biggest three economies combined – was unchanged from its reading in October, which was in turn its lowest since June. Sales have now fallen in five of the past six months, the exception being a marginal rise in August.
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