Bloomberg PMI Signals Further Decline in Euro Retail Sales - MarketWatch

Bloomberg PMI Signals Further Decline in Euro Retail Sales - MarketWatch:
Uncertain Economic Outlook and Reduced Purchasing Power Cited
Last update: 4:10 a.m. EDT Aug. 28, 2008
NEW YORK, Aug 28, 2008 /PRNewswire via COMTEX/ -- The latest Bloomberg Euro-Zone Retail Purchasing Managers' Index ('PMI(R)'), based on a mid-month survey of economic conditions in the euro area retail sector, indicates a continuing contraction in euro-zone retail sales for the third consecutive month. While the PMI rose to a three-month high during August, at 47.7 it remains below the crucial 50.0 no-change mark.