Eurozone retail sales stabilised in October; German retail sales fell in September
Oct 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Having fallen continually throughout the previous 16 months, Eurozone retail sales stabilised in October. The Markit Eurozone Retail PMI (Purchasing Managers’ Index), based on a mid-month survey of more than 1,000 executives in the retail sector, rose from 48.6 in September to 50.0, signalling no change in the total value of like-for-like store sales compared to one month ago. In Germany, data for September from the national statistics office Destatis, which was issued today, shows that retail sales dipped 0.5% from August. There was an annual fall of 3.9%.