Eurozone economy slumps further


Euronews
January 6, 2012

The eurozone’s economy slumped further at the end of last year as retail sales fell and consumer confidence slid.

That according to the latest data from the EU’s statistics office Eurostat and the European Commission.

Euro zone retail trade fell a worse-than-expected 0.8 percent in November from October, Eurostat said.

Pointing to the cautiousness of European households, the European Commission said that in December consumer confidence fell 0.7 points in the 17 countries sharing the euro.

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