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11/22/05

Consumers set to spend less across Europe

FT.com / World / Europe - Consumers set to spend less across Europe :

"Consumers set to spend less across Europe
By Elizabeth Rigby in London and Ralph Atkins in Frankfurt
Published: November 22 2005 22:11 | Last updated: November 22 2005 22:11

graphicSigns of a squeeze on Europe’s consumers increased on Tuesday as France and Germany reported slowdowns in household spending and a consultancy said retailers faced difficult trading this Christmas.

The figures highlight the fragility of the recent pick-up in economic activity in the 12-nation eurozone and will sharpen concern over the likely impact of the European Central Bank’s signalled interest rate rise."

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