Eurozone retail sales fell for third month running in October; Official data shows German retail sales fell in September
Oct 29th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone retailers witnessed a further slide in sales revenues in October. The latest retail PMI (Purchasing Managers' Index) data from Markit covering the currency bloc signalled that sales fell for the third month running on a seasonally adjusted basis. The Eurozone Retail PMI - - which tracks monthly changes in the value of sales at retailers - - remained below the no-change mark of 50.0, signalling contraction. Moreover, the PMI fell to 48.0, indicating the fastest rate of decline since May. Meanwhile, official data today showed German retail sales fell by 2.3%
in September from the previous month.