Japanese supermarket sales faced 1.2% drop in January

Source: MNI news
Japan's sales in the supermarkets decreased by 1.2% in January on a yearly basis, approaching JPY 1.125 trillion. The sales posted sixth yearly fall this month, reported the industry group. The pace of decrease accelerated last month from 0.6% decline in December. However, including recently opened stores, the revenue added 3.5% in January.


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Wed, 22 Feb 2012 13:35:42 GMT

Euro Area PMI drops in February

Purchasing Managers Index (PMI), which measures private sector activity unexpectedly declined in February. The index fell from 50.4 in January to 49.7 in February. Economists questioned by Dow Jones Newswires predicted an improvement to 50.8. Service PMI dropped from 50.4 to 49.4 while manufacturing PMI climbed from 48.8 to 49.0. 

Wed, 22 Feb 2012 12:20:55 GMT

Gold flat on the cautious markets after Greece deal

Gold prices were almost unchanged on Wednesday as speculation that the sum of the Greek rescue package is not enough to stabilize Greece's economy undermined investors' confidence. COMEX gold April contract traded at 1,758.65 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.01%.

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