Sweden's retail sales up for a second month

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Source: Bloomberg
Sweden's retail sales surprisingly surged for a second straight month as nation's unemployment level fell. Seasonally adjusted sales added 0.8% in November after growing 0.4% in previous month. Economists questioned by Bloomberg predicted a decline of 0.3%. On annual basis retail sales in Sweden have gained 0.7%.
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Wed, 28 Dec 2011 10:57:30 GMT

Spanish mortgages drop for 18th straight month

Spain's residential mortgages fell for a 18th consecutive month as banks were reluctant to lend amid increase both in bad loans and borrowing costs. In October the number of housing loans dropped 43.6% on a yearly basis compared to 42% fall in September. Total financing on all types of mortgages lost annual 40.6%. The proportion of bad loans to total loans reached

Wed, 28 Dec 2011 09:38:14 GMT

Thailand's GDP growth is expected to lose 5% in Q4

Thai GDP is likely to shrink by 5% in Q4 as flooding impacted manufacturing and dampened exports, according to the Ministry of Finance's Fiscal Policy Office. However, measures aimed at faster recovery after natural disaster are expected to push the economic expansion to 5% in 2012, reported Somchai Sujjapongse, head of the FPO.

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