France's consumer spending declined by 2.9%

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Source: Forexpros
France's consumer spending decreased more than expected in March, INSEE reported. Consumer spending dropped by 2.9% as compared to the previous month's expansion of 2.9%. Experts predicted the consumer spending in the country to lose 1.9% in March.

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Mon, 30 Apr 2012 06:23:42 GMT

Spain's unemployment topped 5.64 million

Unemployment in Spain approached a new record of 5.64 million in March while the jobless rate topped 24.4%, reported the national statistics office. Analysts expect the Spain's officials to confirm that the country is falling into recession. Meanwhile, retail sales in the country declined by 3.7% in March on an annual basis.

Mon, 30 Apr 2012 06:02:15 GMT

US economy expands less than predicted in the 1st quarter

US economy advanced at slower pace than expected by economists. Country's GDP increased 2.2%, following a 3% growth in previous quarter, Commerce Department said on Friday. Economists questioned by Bloomberg, predicted a 2.5% gain. Government spending decreased for a sixth consecutive quarter. 

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