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ADL Colin · 04-03-2008, 07:58 AM

BRUSSELS, April 3 (Reuters) - Euro zone retail sales turned out much weaker than expected in February, contracting on the back of falls in Germany and Spain and reinforcing concerns about the outlook for economic growth.

Retail sales, an indication of consumer demand, in the 15 countries using the euro fell 0.5 percent month-on-month for an annual decline of 0.2 percent, the European Union's statistics office said on Thursday.

"The renewed decline in retail sales in February does little for hopes that the consumer will ride to the rescue of the euro zone economy over the coming months," said Howard Archer, economist at Global Insight.

Economists polled by Reuters had expected a 0.2 percent monthly rise and no change year-on-year.

04-03-2008, 07:58 AM
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	BRUSSELS, April 3 (Reuters) - Euro zone retail sales turned out much weaker than expected in February, contracting on the back of falls in Germany and Spain and reinforcing concerns about the outlook for economic growth. Retail sales, an indication of consumer demand, in the 15 countries using the euro fell 0.5 percent month-on-month for an annual decline of 0.2 percent, the European Union's statistics office said on Thursday. "The renewed decline in retail sales in February does little for hopes that the consumer will ride to the rescue of the euro zone economy over the coming months," said Howard Archer, economist at Global Insight. Economists polled by Reuters had expected a 0.2 percent monthly rise and no change year-on-year. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"