The European Factory Outlet Observatory lead an economic inquiry with the directions of Factory Outlet
Centres in Southern Europe in January- February 2009 to collect their balance sheet of the second halfyear
2008. This synthesis brings to light the big tendencies of the activity of the centres during this
period. In an unfavourable cyclical context, in particular during the second half-year 2008, it seems that
the majority of the Factory Outlet Centres in Southern Europe had a good activity.
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