Eurozone retail sector sales fell in January as exceptionally harsh winter weather hit activity
Jan 28th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Eurozone retail sector was subjected to disruption from exceptionally harsh winter weather in January. Sales fell compared to one month previously at the sharpest rate since March 2009 and dipped in Germany and France. The seasonally adjusted Eurozone Retail PMI (Purchasing Managers" Index) slumped to 46.5, having risen above the 50.0 no-change mark in December (50.3) for the first time since May 2008. Any figure greater than 50.0 represents monthly growth of sales.