Friday, February 29, 2008

Italy Retail Sales PMI February 2008

Italian retail sales fell for a 12th consecutive month in February as economic growth slows and inflation rises according to the Bloomberg purchasing managers index. The seasonally adjusted index of retail sales rose to 43.8 from 43 in January, and the reading has stayed below 50, the level that signals a contraction in sales, since February 2007.

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