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Eurozone retail sales in unexpectedly big slump in October as investors await ECB meeting

by: PAN PYLAS , Associated Press

Updated: December 5, 2012 - 7:07 AM

LONDON - Retail sales across the 17 European Union countries that use the euro slumped far more than anticipated in October, largely due to a huge drop in Germany, in a development that will put more pressure on the European Central Bank to cut borrowing rates soon.

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