Eurozone's retail sector declines most since 2011

Note: This section contains information in English only.
Source: Bloomberg Businessweek
Retail sales in the Eurozone registered the largest decline in more than two years in the most important for retailers month of December. The Eurostat data showed a 1.6% decrease on a monthly basis, while analysts predicted them to drop only 0.5%. Moreover, the increase in November was revised negatively from 1.4% to 0.9%. Data will put additional pressure on the ECB to ease the monetary policy.
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Wed, 05 Feb 2014 14:16:05 GMT

U.K. services development unexpectedly slows amid rainy days

U.K. services development unexpectedly slowed to the lowest level in seven months in January, as growth of new business is cooling due to wet weather. Today's report showed services growth dropped to 58.3 from 58.8 in December albeit the average forecast was for an advance to 59. The Pound weakened versus the Euro and the Dollar, slid 0.3% to $1.6279 and fell 0.2% to

Wed, 05 Feb 2014 11:10:05 GMT

U.K. service sector expansion slowed amid rainy weather in January

Activity in the service industry of the United Kingdom expanded further in January of this year, although the growth rate decreased slightly amid extremely rainy weather in the country. Moreover, analysts say that the correction is also possible due to strong growth some time ago. The benchmark PMI Index slipped to 58.3 points versus 58.8 in December, while analysts predicted

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