French private sector economy continues to struggle

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Source: RTT News
© Scanpix/RS
French private sector continued to decline in May suggesting that the nation's private sector economy is still struggling, a report published by the Markit Economics showed on Thursday. The composite output index maintained at 44.3 in May, while the service sector Purchasing Managers' Index recorded 44.3, unchanged from the month before, and the manufacturing PMI advanced from 44.4 to 45.5 in May.

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Thu, 23 May 2013 14:11:03 GMT

Italy's retail sales drop in March

Retail sales in Italy decreased more than expected in March from the previous month largely due to a notable 0.8% drop in non-food sales, a data revealed by the statistical office Istat showed on Thursday. Retail sales slipped 0.3% on a monthly basis despite a 0.4% increase in food sales, while on an annual basis retail sales fell by 3%

Thu, 23 May 2013 14:30:12 GMT

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