German service sector expands for 11th straight month

Note: This section contains information in English only.
Source: RTT News
Service sector in the Europe's largest economy accelerated in April rising for the eleventh successive month, however the pace of growth was slightly lower than initially projected, a data revealed by the Markit Economics showed on Tuesday. According to the report, the German purchasing managers' index for services jumped from March's 53 points to 54.7 in the following month.

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Tue, 06 May 2014 15:33:02 GMT

U.S. trade deficit shrinks in March

Trade balance in the world's largest economy came in a deficit in March, however the deficit narrowed by more than economists originally projected as exports rebounded, the latest figure released by the Commerce Department showed on Tuesday. The U.S. trade deficit shrank to 40.4 billion from February's level of $41.9 billion.

Tue, 06 May 2014 15:11:03 GMT

Eurozone's retail sales gain in March

Retail sales in the 18-nation bloc advanced in the month of March as food product sales increased notably supported by strong consumer confidence figures from the first quarter of 2014, a report published by the statistical office Eurostat showed on Tuesday. The Eurozone's retail sales added 0.3% in March following February's growth of 0.1%.

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