German retail sales drop in July

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Source: RTTNews
Germany's retail sales tumbled on month in July, opposing economists' expectations of a growth, the Federal Statistical office reported on Friday. Retail sales slid 0.9% on month, compared to a 0.5% surge in June. On year-on-year basis, retail sales turnover fell 1% in July, from a 3.7% increase in the preceding month, while economists forecast a 0.1% rise.
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Fri, 31 Aug 2012 09:53:15 GMT

Japan housing starts decline in July

Japan's housing starts slipped for the second straight month in July, the Ministry of Land, Infrastructure, Transport and Tourism said on Friday. Housing starts tumbled 9.6% on year, from a 0.2% decline in a previous month. However, the fall was lower than the economists' estimate of a 10.3% fall.

Fri, 31 Aug 2012 09:15:15 GMT

Rand falls as global growth concern dims export outlook

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