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Broad-based fall in eurozone retail sales in November

Staff Writer |
November’s Eurozone Retail PMI survey pointed to a third straight monthly fall in sales, with downturns recorded across each of the currency area’s bigthree member states.

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However, growth in retailers’ spending on goods for resale and employment reflected a generally positive outlook towards yearend sales prospects.

At 48.6 in November, the seasonally adjusted headline Markit Eurozone Retail PMI was unchanged from its reading in October, which was in turn its lowest since June.

Sales have now fallen in five of the past six months, the exception being a marginal rise in August.

Year-on-year sales were moderately higher in November, reflecting a positive performance among Germany’s retailers compared with the corresponding month the year before.

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