Bloomberg
Bloomberg PMI Shows Fall in February Euro Retail Sales
Published in Lab Business Week, March 15th, 2009
The Bloomberg Euro-Zone Retail Purchasing Managers' Index ("PMI(R)"), based on a mid-month survey of more than 1,000 executives in the euro area retail sector, fell from 44.0 in January to 42.3 in February. The results signaled an acceleration in the month-on-month rate of decline in sales revenues, in contrast to the easing seen over the previous two months and indicated a renewed weakening of consumer confidence and high street spending. Sales have now fallen for nine consecutive months.
The latest PMI, which provides data one month ahead of government-issued figures, also showed that single currency area retail sales remained well down on a year ago on a...
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Source: Lab Business Week (2009-03-15)
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