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

Euro Retail Sales Down in November
Dec 3, 2007
 Printable format
 Email this Article
 Search

The Bloomberg Eurozone Retail Purchasing Managers' Index fell to 45.9 in November, from 48 in October. The Index is an indicator based on a mid-month survey of economic conditions in the euro area retail sector. The number signals a decline in sales for the second consecutive month. Moreover, the latest fall was the second-steepest recorded over the survey's four-year history, exceeded only marginally by the record contraction seen in May 2004 (45.4).

High oil prices were frequently put forward as a specific concern, leading to increased fuel and energy bills and the readjustment of household budgets. High food prices were also reported to be a source of weakening consumer sentiment, while strikes in France undermined retailers' efforts.

All three countries covered by the survey posted declines in retail sales in November:

  • Germany saw the steepest rate of decline of the three countries. Retail sales fell for the second month running, and at the fastest rate since May 2004 (the index fell sharply from 48.6 to 43.6).
  • Retail sales in Italy also registered an accelerated rate of contraction, dropping for the ninth consecutive month and posting the second-steepest monthly fall since June 2005 (the index slumped from 48.0 to 45.3).
  • France saw the weakest rate of contraction of the three countries, which eased very slightly compared to October (the index rose from 47.3 to 48.8).

The Index reports that retailers, on average, expect to beat sales targets in December, with the expectations index rising slightly from 55.4 to 55.9. Retailers in France were again the most optimistic about beating targets, while Italian retailers gained in confidence since November. In contrast, Germany retailers expect to miss targets on average. By sector, the strongest confidence was registered regarding sales of food and drink, followed by pharmaceuticals and clothing & footwear respectively. Retailers in the household goods and autos sectors expect targets to be missed in December.

Back to Daily News

 

Daily News

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

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

Oct 22, 2014: ACCA wants the HVAC manufacturers to develop open, universal communication protocols

Oct 22, 2014: IHA launches website to connect OEMs with consumers

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