News

Eurozone footwear sales plunge

30/10/2007

The Bloomberg Eurozone Retail index reveals that footwear and clothing sales fell in October, having risen sharply in September. The only sector of the five covered to show an increase in October was food and drink.

Overall sales fell below the 50 no-change mark that divides expansion from contraction and, at 47.9 in October, indicated a moderate month-on-month decline in sales, reportedly as a result of falling consumer confidence.

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