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Eurozone Retail Sales Fall In March 2017
Topic Started: Apr 6 2017, 10:10 AM (8 Views)
Webster
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(The Guardian) Eurozone retail sales dip
--Overall retail sales in the eurozone slipped back in March as a rise in Germany was offset by the falls in France and Italy. Markit’s headline eurozone retail PMI came in at 49.5 last month, compared to 49.9 in February. According to the survey, sales were down on an annual basis and in line with the monthly trend, declines in France and Italy were partially offset by a rise in Germany. Markit economist Alex Gill said: The marginal decline in sales highlighted by the headline index covered up a divergence in underlying trends at the country level. Operating conditions in the Italian retail sector remained precarious, as evidenced by another sharp decline in like-for-like sales, compounded by a further fall in gross margins amid strong competitive pressures. Monthly sales also dropped in France for the first time in three months as political uncertainty and inflation began to weigh on consumer demand. In contrast, sales grew at the fastest pace in six months in Germany.

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