Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Eurozone Retail Sales Drop Sharply in January
Feb 1, 2007
 Printable format
 Email this Article
 Search

The January Bloomberg Eurozone Retail Purchasing Managers' Index (PMI), an indicator based on a mid-month survey of economic conditions in the euro area retail sector, fell sharply from 52.1 in December to 47.9 in January after allowing for seasonal influences. The index fall was the second-largest in the 3-year history of the survey and, by slipping below the 50.0 no-change level, indicated the first drop in retail sales for 10 months, with sales falling at a rate not seen for 23 months.

The fall in month-on-month sales largely reflected a steep sales drop in Germany, which contrasted with strong growth in previous months and was widely linked to January's increase in sales tax. The drop in German sales was the largest for 2-1/2 years (an index of 43.9, down from 55.2 in December). However, sales growth also deteriorated markedly in France, slowing for the third consecutive month to a 10-month low of near-stagnation (an index of 50.3, down from 52.4). Only very modest growth of sales was seen in Italy, which represented an improvement on falling sales seen in prior months (the index rose from 46.9 to 50.6), but was at least in part due to improved car sales resulting from recent government incentives.

The like-for-like annual rate of growth slowed sharply to near-stagnation in January, dropping further from November's 3-year survey record high of 57.0, and from 53.1 in December, to reach a 10-month low of 50.3. Higher year-on-year sales in France were offset by falling sales in both Germany and Italy, with the latter recording the steeper rate of decline. 

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows