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Italian consumer confidence collapsing

Markit economics' retail PMIs weaker than at trough of crisis

From Markit Economics' retail purchasing managers index (PMI), the Italian consumer collapse continues:

According to Phil Smith, economist at Markit, consumer confidence is now at an all-time low and real pay is declining. As a result, "surveyed firms generally conceded that targets set for June would be missed" as well.

FT alphaville has the effect on the bond market:

Yields up 20 basis points in two hours. Fear in the eurozone is having pernicious effects, it seems

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.