Eurozone retail business conditions continued to deteriorate in June, with sales, employment, purchasing of stock and margins all falling compared with May. 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 providing data one month ahead of government-issued figures, rose from 47.1 to 47.5 in June. Remaining below 50.0, the seasonally adjusted index pointed to a month-on-month fall in sales for the thirteenth successive month. However, the rate of contraction eased slightly on May, and has recovered sharply from the record pace of decline seen last November. In fact, the average monthly decline over Q2 was the weakest since Q1 2008.