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

Italy Drives Feb. Decline in Eurozone Sales
Mar 7, 2006
 Printable format
 Email this Article
 Search

Month-on-month sales at Eurozone retailers declined for a second month at the start of 2006 according to the February Bloomberg Eurozone Retail Purchasing Managers' Index, or PMI(R). The PMI is a monthly survey indicating economic conditions in the Eurozone retail sector a month ahead of government-issued figures.

Remaining below the no-change mark of 50.0 for a second successive month in February, the seasonally adjusted Eurozone Retail PMI signaled a further contraction in retail sales in the single-currency area. However, at 49.6, the rate of decline is considered marginal.

Falling month-on-month retail sales led to further downward pressure on profit margins and to more missed sales targets. Purchase price inflation accelerated and greater cost pressures led some firms to shed staff in order to control overhead.

Survey data for the three largest Eurozone economies that make up the survey revealed that Italy was the main source of falling month-on-month retail sales in February, registering a contraction for the first time in 6 months (47.1). The rate of decline in Italian retail sales was the sharpest since last June.

In contrast, German and French retail sales rose slightly during the month. German retail sales increased for the third successive month, although at a marginal rate (50.2). French retail sales grew for the second time in the past 3 months (50.7) and at a slightly sharper rate than in Germany.

Year-on-year retail sales in the Eurozone declined for the 22nd month running in February (48.4). Panelists continued to report difficult trading conditions and poor consumer attendance compared to a year ago. Anecdotal evidence suggests severe weather reduced consumer activity and led to disrupted sales efforts.

Back to Daily News

 

Daily News

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

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

Dec 19, 2014: Strong North American PCB Order Growth in October

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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