German CPI grew by 1.9% in May

Source: Forexfactory
German CPI gained 1.9% last month, falling below 2% for the first time in 2012, reported the Federal Statistics Office. The data is in line with preliminary result released on May 29. The highest annualized increase faced food prices that grew by 2.4% while marked price decline was recoded for financial services that posted 16.3% price decrease in May.


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Wed, 13 Jun 2012 11:28:41 GMT

Australian consumer sentiment improved in June

Australian consumer confidence improved in June, despite recent interest rate reduction. The Westpac/Melbourne Institute Consumer Sentiment Index posted an increase of 0.3%, approaching 95.6 points this month. The data is disappointing as the RBA cut the cash rate by 25 bps in June while consumer confidence still remains low, said Bill Evans, Westpack chief economist. People were probably influenced by

Wed, 13 Jun 2012 17:39:42 GMT

South Korea's unemployment drops to 3.2%

South Korea's jobless rate reached its bottom in four months due to the continued recruitment boost in the service segment. According to Statistics Korea, the country's unemployment in May fell to 3.2% in contrast to the previous month's 3.4%. However, Ronald Man, HSBC Holding PLC's analyst, stated that as Korean manufactures are becoming more restrained, this could negatively impact the production output, and, consequently, weaken

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