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European Retail Sales Drop for 9th Straight Month

February 26th, 2009 Posted in Research, Trends, Forecasts, UK/Europe

This month, the Bloomberg purchasing managers index of retail sales in the euro region dropped to 42.3 from 44 in January.  “The index is based on a survey of more than 1,000 executives compiled for Bloomberg LP by Markit Economics and a reading below 50 indicates contraction.”  Bloomberg Feb. 26, 2009

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