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 Grow In July
Aug 8, 2006
 Printable format
 Email this Article
 Search

The July Bloomberg Eurozone Retail Purchasing Managers' Index or PMI(R) signaled growth of retail sales in the single currency area for the fourth straight month at the start of Q3. The PMI is a monthly survey indicating economic conditions in the Eurozone retail sector 1 month ahead of government-issued figures.

The seasonally adjusted Eurozone Retail PMI posted 53.8 in July. The latest reading signaled a weaker rate of expansion than those indicated throughout the second quarter, but still a solid increase and one that was the fourth-fastest in the survey's 31-month history. Anecdotal evidence suggests a trend of rising consumer confidence continued. Other factors boosting retail sales during the month included promotional campaigns and the World Cup soccer events in Germany. The continued recovery of the sector at the start of the third quarter was underlined by a survey-record pace of retail employment growth, which has strengthened continuously during the current 4-month period of net job creation. However, the survey said there was evidence that overall trading conditions remained tough, with profits continuing to fall and purchase prices rising sharply.

Retail Growth
July data for the three major Eurozone economies that constitute the survey signaled that:

  • France recorded the sharpest growth in retail sales for the second month running (57.7).
  • The rate of growth in German retail sales eased further from May's high, but was solid nevertheless (54.2).
  • Italian retail sales declined for the sixth month running (47.6).

    Sales
    The underlying upturn in demand signaled by July's survey was further highlighted by a fourth straight rise in annual sales (51.6). However, the pace of expansion eased to its lowest in the current growth period, as the rates of increase in Germany and France slowed. Year-on-year retail sales in Italy continued to fall.

    Margins and Prices
    Higher average purchasing costs and ongoing promotional campaigns continued to be the main forces driving retailers' gross margins lower in July (44.1). The rate of decline in profits picked up slightly since June, and Italian retailers posted the steepest fall in margins of the principal Eurozone economies. However, the latest fall in margins was weaker than the long-run average for the survey.

    Eurozone retailers' average purchase prices increased at the sharpest rate since April 2004 in July (59.5). Moreover, the rate of inflation was the second-highest indicated by the survey to date. Anecdotal evidence suggested a strong link between higher supplier rates and recent highs in global oil prices.

    About the Survey
    The PMI is compiled for Bloomberg by NTC Economics Ltd., which questions more than 1,000 retail executives in Germany, France and Italy. The three countries together represent approximately 75% of total Eurozone retail sales. National data are weighted together according to each country's contribution to total Eurozone retail sales to form the PMI.

    Back to Daily News

  •  

    Daily News

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

    Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

    Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

    Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

    Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

    Apr 23, 2014: CEA: Consumer Sentiment Down in April

    More Daily News>>

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

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

    March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
    February 2014: Appliance Magazine Market Insight: December 2013
    January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
    January 2014: Appliance Magazine Market Insight: November 2013




     
    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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows