Eurozone Retail PMI in mildest decline in 11 months in April; Better weather and car incentives provide sales boost
Apr 29th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bloomberg Eurozone Retail Purchasing Managers’ Index (PMI), is based on a mid-month survey of more than 1,000 executives in the euro area retail sector and provides data one month ahead of government-issued figures. The PMI rose in April to 48.4, from 44.1 in March, indicating the weakest rate of decline since the current sequence of contraction began last June. Although sales have now fallen for 11 consecutive months, the rate of decline has eased from the series record registered last November.