Retails sales in the 17-nation eurozone dropped in November, official statistics showed Friday, as consumers felt the bite of austerity measures and feared the currency union could slip deeper into crisis.
Retail sales in the eurozone fell 0.8 percent compared with October and were down 2.5 percent from November 2010, according to Eurostat, the EU's statistics agency.
Read the rest at The Huffington PostEurozone Retail Sales Drop On Austerity Measures, Crisis Fears
by Gabriele Steinhauser
Well, what did anyone expect as effective demand dies up?