U.S. retail sales rise less than forecast in April

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Source: RTT News
Retail sales in the world's largest economy advanced in April, however the pace of growth was lower than expected after recording a sharp gain in March, the latest report released by the Commerce Department showed on Tuesday. According to the report, the U.S. retail sales surged 0.1% in April after posting a 1.5% jump in the previous month.

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Tue, 13 May 2014 15:24:02 GMT

German economic sentiment worsens in May

A gauge measuring economic expectations in the Europe's largest economy declined in May falling by more than economists originally expected, a report released by the Centre for European Economic Research unveiled on Tuesday. According to the release, the German economic sentiment index plunged from April's 43.2 to 33.1 instead of 40 as a consensus.

Tue, 13 May 2014 15:02:06 GMT

Swedish Crown rises versus Euro on inflation data

The Swedish Crown increased on Tuesday rising against the euro-area currency after a report showed that inflation in the country accelerated by more than economists originally expected and on speculation that the ECB may add more stimulus soon. The Euro slipped 0.5% to 8.9935 Swedish crowns before trading at 9.0420.

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