Eurozone retail sales in March fell at lowest rate in five months; Sales down for ten consecutive months
Mar 30th, 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 euro area retail sector, provides data one month ahead of government-issued figures. The PMI rose from 42.3 in February to 44.1 in March, signaling the smallest monthly drop in the value of sales in five months. The first quarter has seen an average monthly decline that was less steep than the record drop seen during Q4 of last year. The March decline remained strong by the survey’s historical standards, and sales have now fallen for ten consecutive months.