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Friday, December 28, 2012

Sharper fall in Eurozone retail sales reflects renewed decline in Germany

http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=10466
The Eurozone Retail PMI is a seasonally adjustedindicator of changes in the value of sales at
retailers. Any figure greater than 50.0 signalsgrowth compared with one month earlier.The PMI fell from 45.8 in November to 44.5 inDecember, indicative of a sharp fall in retail sales.The average for Q4 (45.2) is among the lowest forany quarter of the survey’s operation. Moreover, thetrend for 2012 (45.5) is the lowest annual averageof any year since the series started in 2004. Theprevious record low was in 2008 (46.1).
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