Retail sales in the U.K. gained 1.4% in May

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Source: Forexpros

U.K. retail sales gained more than expected, after a sharp fall in April. U.K. Office for National Statistics reported that retail sales grew by 1.4% in May on a seasonally adjusted basis, whereas initial forecast was that it would rise only by 1.2%. The figure for April was revised down from a 2.3% decline, reaching a 2.4% fall.

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Thu, 21 Jun 2012 11:10:03 GMT

Borrowing costs for Spain continue to rise

Spain witnesses an increase in costs for borrowing as it was selling its government debt on Thursday. Spain's treasure managed to sell five-year government bonds worth EUR602 million at the average 6.072% yield, which was a sharp increase from the last month's 4.752%. Whereas three-year and two-year bonds were sold having the average yield equal to 5.547% and 4.706%.

Thu, 21 Jun 2012 10:59:02 GMT

Manufacturing PMI in Germany fell to a 36-month low

Markit, a market research group, reported that manufacturing PMI for Germany dropped 0.5 points in June, reaching 44.7, whereas in May it was 45.2. Analysts' forecast was that the figure for the last month would be 45.2. June's PMI reached the lowest level for the last three years on market's concern about the impact of Eurozone debt crisis on the German economy.

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