Eurozone Retail Sales Plunge at Strongest Pace Since Late-2008; German Retail Sales Plunge Into Contraction; French Retail Sales Plunge at Record Pace; Record Job Losses, Record Retail Plunge in Italy

"The word of the day is plunge. Retail sales fell like a rock in Germany and fell at a record pace in France. Jobs and retail sales plunged at a record pace in Italy, and in general, did a nose-dive across the entire Eurozone

German Retail Sales Plunge Into Contraction

Please Consider the Markit Germany Retail PMI® Report."

 Fastest drop in retail sales since April 2010 as year-and-a-half run of growth comes to an end.

Key points:

• Retail PMI falls sharply in April
• Steepest decline in margins for two years...
• ...despite wholesale price inflation hitting 15-month low

at  http://globaleconomicanalysis.blogspot.com/2012/04/eurozone-retail-sales-plunge-at.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29