Eurozone PMI points to continued retail sales weakness in August; Stabilisation in Germany - - steep falls in Italy; ECB says credit demand fell in July
Aug 28th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bloomberg Eurozone Retail Purchasing Managers' Index (PMI), based on a mid-month survey of more than 1,000 executives in the Eurozone retail sector and issued one month ahead of government-issued figures, indicated a further modest month-on-month fall in like-for-like sales in August. Broad stabilisation of sales in Germany contrasted with continued steep falls in Italy. Separately, the European Central Bank (ECB) said on Thursday, that credit demand fell in July.