UK retail sales drop more than forecast in February

Note: This section contains information in English only.
Source: Bloomberg
UK retail sales declined more than analysts predicted in previous month as households curbed spending. Retail sales including gasoline decreased 0.8% compared to expected 0.5% drop. Meanwhile the sales advance in January was reviewed up from 0.3% to 0.9%. Previous months were pretty strong in terms of sales growth, therefore current fall is acceptable, said Samuel Tombs, Capital Economic economist.
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Thu, 22 Mar 2012 13:46:24 GMT

Euro Area PMI contracted faster in March

Euro Area region faced a faster contraction in private sector activity in March, highlighting worries the area may fall back into downturn. Composite PMI dropped from 49.3 in previous month to 48.7 in March reaching three month record low. Economists questioned by Marketwatch predicted the composite PMI to climb to 49.6. Service PMI fell from 48.8 to 48.7 and manufacturing

Thu, 22 Mar 2012 12:45:11 GMT

Nikkei 225 index adds 0.4% on trade balance data

Japan's Nikkei Stock Average retreated from yesterday's loss and climbed on Thursday lifted by data which showed unexpected trade surplus in February. Nikkei 225 index gained 0.4% or 40.59 points and finished at 10,127.08. Nevertheless gains were limited as better trade surplus strengthened Yen, harming exporter shares. The main gainers were Oki Electric and Softbank which added 3.9% and 3.4%

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