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European Retail Sales Unexpectedly Declined in August

Tuesday, 05 Oct 2010 09:43 AM

Oct. 5 (Bloomberg) -- European retail sales unexpectedly declined in August as government austerity measures and signs of cooling global growth deterred spending.

Retail sales in the euro region fell 0.4 percent in August from the previous month, when they rose 0.1 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast an increase of 0.2 percent, according to the median of 21 estimates in a Bloomberg News survey.

--Editor: Fergal O’Brien

To contact the reporter on this story: Simone Meier in Zurich at smeier@bloomberg.net

To contact the editor responsible for this story: John Fraher at jfraher@bloomberg.net

© Copyright 2017 Bloomberg News. All rights reserved.

 
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Oct. 5 (Bloomberg) -- European retail sales unexpectedly declined in August as government austerity measures and signs of cooling global growth deterred spending. Retail sales in the euro region fell 0.4 percent in August from the previous month, when they rose 0.1 percent,...
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