Europe Car Sales Slump as German Sentiment Wanes: Economy - Bloomberg
"European car sales slumped to a two-decade low, German investor
confidence unexpectedly dropped and euro-area exports fell for a second
month, adding to signs that the region is struggling to emerge from
recession.
Auto registrations decreased 6.3 percent in June from a year earlier
to 1.18 million vehicles, the European Automobile Manufacturers’
Association said today. The ZEW index of German investor and analyst
expectations fell to 36.3 in July from 38.5, while economists forecast a
gain to 40, according to the median of 37 estimates. Euro-region
exports dropped 2.3 percent in May from the previous month."
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