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Retail trade in the euro zone continues to fall [ClearOnMoney]
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Retail trade in the euro zone continues to fall

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Commentary

Retail trade in the euro zone continues to fall

5 Sep 2012 by Jim Fickett.

Today Eurostat released retail trade volume through July. The trend in the euro zone remains very clearly down. Though many still talk about “fears of a double dip”, I don't think there is really any doubt that the euro zone is already in recession. Output has dropped in two of the last three quarters (EU output), and there is no sign in any of the detail data of the situation improving.