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09 May 2005 13:11  Eurozone retail sales fall


Eurozone retail sales turnover dipped for a fourth straight month in April. April eurozone retail PMI rose to a seasonally adjusted 48.7 from 48.5, but again remained below the 50 level that separates growth from contraction, according to Bloomberg television. The unemployment rate in the eurozone rose to 8.9 percent in March, while oil prices have been close to or above $50 a barrel since late February. The retail PMI for Germany, which accounts for around a third of the 12-nation bloc's gross domestic product, showed growth in April, albeit at a slower pace than in March. The index dipped to 51.5 from 52.4 the previous month.
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