| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : EU Economy Last Updated: Mar 6, 2014 - 9:43 AM

Eurozone retail PMI data shows fall in trade in February
Mar 6, 2014 - 9:37 AM

Email this article
 Printer friendly page

February saw a decrease in the level of retail sales across the euro area as a whole, according to the latest retail PMI (purchasing managers' index) data from Markit, reversing the marginal gain observed during the opening month of the year. Both Italy and France recorded faster contractions in sales, while growth in Germany eased from January’s recent peak.

Eurostat reported on Wednesday that Eurozone retail sales rose by 1.6% in January, following a dip in December.  

At 48.5, down from January’s reading of 50.5, the Markit Eurozone Retail PMI – which tracks month-on-month changes in the value of retail sales – signalled a decrease in overall Eurozone retail sales for the fifth time in the past six months in February. Trade was also down on the year, although the annual rate of decline was the weakest since last August.

Commenting on the data, Phil Smith, economist at Markit and author of the Eurozone Retail PMI, said: "The retail numbers disappointingly showed a renewed decline in sales, which takes some of the shine off yesterday’s composite release that signalled a gathering of growth momentum in the Eurozone. Behind the fall in the headline number were drops in the respective PMIs for Germany, France and Italy, though it was only the latter two that posted outright decreases in sales. Evidently, French and Italian consumers are yet to feel much effect of the upturn in the wider area."

February survey data showed weaker trends in each of the big-three Eurozone economies. Germany saw growth in sales for the tenth straight month, but the rate of increase eased from January’s five-month high. Retailers operating in France meanwhile noted a faster decrease in sales, though the latest contraction – the sixth in successive months – was still only modest overall and comparatively slower than that registered in Italy. There, trade fell markedly and to the greatest extent for three months. The current downturn in retail sales in the euro area’s third-largest economy reached the three-year mark as a result.

Employment at retailers fell in line with the renewed decline in sales, stretching the ongoing sequence of net job losses to six months. That said, the rate of contraction was little-changed from the marginal pace recorded in January. A faster rise in employment in Germany – the most marked in nine months – cushioned further falls across both France and Italy.

Buying levels among Eurozone retailers also decreased on the month, and at the fastest pace since November. Nevertheless, stocks of resale goods were accumulated for a third straight month as businesses recorded lower-than-planned sales. The degree to which inventories rose was slower than in January, however, and only modest overall.

The rate of purchase price inflation in the Eurozone retail sector eased slightly in February, to the weakest in three months. This reflected slowdowns in both France and Italy. Of the sectors monitored by the survey, Autos & Fuel saw the slowest overall increase in cost burdens, and Pharmaceuticals the fastest. A combination of increased costs and lower sales imparted pressure on retailers’ gross margins which fell sharply.

For the Retail PMI, Markit has recruited a representative panel of retail companies in France, Germany and Italy. Together, these three countries account for approximately 62% of total Eurozone retail sales by value

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015