Markit’s Eurozone retail PMI® data for the opening month of 2013 signalled a fifteenth consecutive month-on-month decline in sales values, even after accounting for the post-festive slump in trading and a resumption of growth among German retailers. The Eurozone Retail PMI is a seasonally adjusted indicator of changes in the value of sales at retailers. Any figure greater than 50.0 signals growth compared with one month earlier. The PMI rose from 44.5 in December to 45.9 in January, the highest reading in four months but nevertheless indicative of a sharp reduction in sales at Eurozone retailers. The latest figure ... (full story)