- Markit
The Eurozone retail sector growth slowed in June as consumers cut spending amid the economic slump. Sales rose 0.1 per cent, after adding 0.8 per cent in May, said the European Union's statistics office on Friday.
"Further weakness looks likely during the third quarter. Italian retailers were at their most pessimistic regarding the short-term sales outlook since the survey started in 2004, while sentiment in France was the second-worst on record. Correspondingly, the value of new purchases by retailers across the Eurozone continued to fall at a near-record rate," said Markit financial information services company after the release of PMI July 30.
The Stoxx Europe 600 Index gained 2.43 per cent to 265.58. Germany's DAX Index added 3.93 per cent and France's CAC 40 Index rose 4.38 per cent.
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