France: Households' consumption fell 0.1% in November

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Source: Forexfactory

France's household expenditure on goods declined by 0.1% seasonally adjusted in November after 0.1% rise in October. The demand for durables increased by 1.5% mostly due to 3.2% increase in car purchases while the consumption of textile goods and energy products tumbled 2.1% and 0.5%, respectively.

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Thu, 05 Jan 2012 07:02:17 GMT

DIW Institute: German GDP is likely to expand by 0.6% this year

German DIW Institute cut Germany's growth forecast on Wednesday. The institute expects the GDP to expand by 0.6% this year as compared to 1% initially projected. The GDP is likely to accelerate the pace of growth in 2013 to 2.2%. The forecast is based on assumption that the Euro Zone leaders will manage to control the debt crisis in the area.

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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