European shops see sales crash
BRUSSELS, Belgium (AP) – European shops saw trading crash in November, the EU statistics agency said Tuesday, adding to signs that the economy may be slowing.
But the president of the European Union insisted the bloc still had the momentum to keep expanding despite higher inflation and a credit crisis that may curb the region’s recent surge.
Retail trade in the nations that share the euro shrunk 1.4 percent from a year ago — the biggest annual drop since records began in 1997 — and 0.5 percent from October, the EU statistics agency Eurostat said Tuesday.
Read full story.
No Comments
No comments yet.
Comments RSS TrackBack Identifier URI
Leave a comment