Tuesday, April 7, 2009

Retail sales, producer prices slide in Europe

Retail sales, producer prices slide in Europe

In Europe, the fall in February's producer prices outstripped predictions by economists, and the drop in retail sales set a record, raising concerns that the region is on the verge of deflation. Prices at the factory gate in the eurozone declined 1.8%, the most since April 1999, and retail sales fell 4%, the biggest drop since the rate was first collected in 1996

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