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Fall in eurozone retandstil sales
hit by slowing consumere slumpending and the threat of a painful rectord pession, retail sales fell 0.2% from august, and by 1.6% compared to september 2007 . the european commission announced on tuesday that the eurozone economy contracted by 0.2% in the second quarter, and that the eu economy would grind to a standstill in 2009 . of the 15 eurozone economies, germany suffered the biggest drop in retail tradex from august, falling 2.3% . the european central bank (ecb) is expected to cut interest rates on thursday to boost consumer spending . on monday, markit announced that the purchasing index for the manufacturing sector fell into 41.1, also a record low . the surveys continue to show rectord pessimism . guillaume men ut, merrill lynch . Generated 2008-11-11_23:56
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