June 2018 Eurozone retail PMI’s 5 July 2018

  • Eurozone 51.8 vs 51.7 prior
  • Germany 57.1 vs 55.5 prior
  • France 48.1 vs 50.7 prior
  • Italy 48.5 vs 47.3 prior

May’s readin showed a decent jump in sales but that wasn’t reflected in the headline number earlier this week. Sales came out flat vs 0.1% exp m/m, and followed a -0.1% drop in April. So, although the correlation didn’t work this time, it’s still a decent look at the sector and it’s pointing to softness outside of Germany.

Ryan Littlestone
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