· Total Euro-Area consumer spending is down by 0.3% in November after being down in earlier months…seventeen down months in a row in fact. Over three months the pace of contraction in Euro-consumer spending remains about the same as over six months and only a bit less than over 12-months.
· Even motor vehicle registrations that had bumped up on special government assistance plans across the various Zone countries fell in off in November. German retailers continue to be hard-hit.
· Right now Europe continues to benefit from export led growth; China pushes export led growth; Japan pushes export-led growth. But for all that to work, the European consumer, and Japanese consumer will have join in. The consumer in the US appears to be back in gear, somewhat…
Haver Analytics
Related posts:
- Scrapping Schemes Boost European New-Car Registrations
- Economy Shows Cracks in European Union
- European Car Sales Fell 18% in February
- European Car Sales Slow Despite Incentives
- European farce descends into Greek tragedy
Related posts brought to you by Yet Another Related Posts Plugin.
