France Economic Implosion Underway; French Retail Sales Contract 9th Consecutive Month as Cost Inflation Surges

"Inquiring minds are noting the expected (at least in this corner) collapse in European retail sales as measured by PMI indices.

The spotlight for this post is France, the second largest Eurozone economy following Germany.

The Markit France Retail PMI® shows French retail sales fall for ninth consecutive month.

Key points:

• Sales fall at sharper pace on both monthly and annual measures
• Purchasing costs rise at strongest rate in ten months
• Stocks of goods for resale decline at faster pace..."

at http://globaleconomicanalysis.blogspot.com/2012/12/france-economic-implosion-underway.html#7MdfG9e27jjBvtox.99