Eurozone retail sales fell for the third consecutive month in August: Sales rose in France; Sharp declines in Germany and Italy
Aug 28th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The latest Bloomberg Eurozone Retail Purchasing Managers’ Index (PMI), based on a mid-month survey of economic conditions in the euro area retail sector, indicates a continuing contraction in Eurozone retail sales for the third consecutive month. While the PMI rose to a three-month high during August, at 47.7 it remains below the crucial 50.0 no change mark.