Is the European Retail Rebound for Real?
- Sunday, September 30, 2012, 2:01
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Weirdly enough, the very latest European retail numbers are substantially better than expected. The French retail PMI rebounded to 47.9 in September from 44.2 in August. On an annualized basis, the retail sales decline was the smallest in seven months. The Spanish YoY retail sales decline in August was just -2.1% – far milder than the expected -6.1%. The British CBI survey showed an uptick to +6 in September from -3 in August.
http://www.forbes.com/sites/terokuittinen/2012/09/29/is-the-european-retail-rebound-for-real/
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