Latest data released by Markit - 6 February 2018
- Prior 53.0
- Germany retail PMI 53.0 vs 55.1 prior
- France retail PMI 51.0 vs 53.0 prior
Some delay by Markit in the data release.
Not very good readings compared to December across the board, as Eurozone retail sales growth falls to a five-months low.
According to Markit:
"The latest data paint a mixed picture as to the overall health of the eurozone retail sector. On the one hand, like-for-like sales and employment continued to rise, albeit at weaker rates than seen in December. On the other, sales remained down on an annual basis, gross margins were squeezed further while weaker than expected sales contributed to a build-up of inventories".
EUR/USD now at 1.2409, a little off the highs posted earlier. EUR/GBP at 0.8878 and EUR/CHF at 1.1582, both also just off highs earlier in the day.
