Eurozone Markit retail PMI’s 6 February 2018

  • Italy 47.3 vs 49.5 prior
  • Germany 53.0 vs 55.1
  • France 51.0 vs 53.0 prior
  • Eurozone 50.8 vs 53.0 prior

Recently, these PMI’s have been a pretty good indicator of the headline numbers. That was until yesterday when the Eurozone retail sales came in worse than expected at -1.1%. The Dec PMI’s showed a small rise again from Nov. Retail sales can be volatile so we can never be 100% certain but they’re still a pretty good indicator if there’s a wild variation in the numbers.

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

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Ryan Littlestone

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