Spanish GDP dropped 0.3% in first three months

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Source: Marketwatch
The Spain's economy declined in the first three months this year, a second consecutive contraction which officially indicates recession. Spanish GDP dropped 0.3%, following a 0.3% contraction in the last quarter of 2011, national statistics office reported on Monday. Although government's target is a 0.2% growth in 2013, it predicts a 1.7% slump this year. 
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Mon, 30 Apr 2012 09:06:43 GMT

Australian inflation slower than expected in first three months

Australian consumer prices accelerated at slower pace than predicted in the 1st quarter of 2012, creating an additional pressure on Reserve Bank of Australia to lower benchmark rate. Australia's CPI climbed only 0.1% in first three months this year, compared to median estimate of 0.6% growth. On yearly basis quarterly CPI gained 1.6% compared to last quarter's 3.1%

Mon, 30 Apr 2012 08:38:45 GMT

Germany's retail sales rose in March

Germany's retail sales recovered in March due to dropping unemployment and higher salaries which stimulated consumers' purchasing power. Adjusted sales climbed 0.8% in March, following a 0.9% drop in February. Economists questioned by Bloomberg predicted a gain of 1%. On yearly basis retail sales have accelerated 2.3%. 

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