Eurozone retail sales dropped 1% in April

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Source: Forexpros

Eurostat reported on Tuesday that Eurozone retail sales decreased by 1% in April, which is more than an expected 0.1% drop. This added to concerns over Eurozone's economic outlook. In March, retail sales gained 0.3%, however, this figure is unrevised yet. At the same time year-on-year decrease of retail sales was 2.5% in April.

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Tue, 05 Jun 2012 17:32:30 GMT

Building permits in Canada tumbled 5.2% in April

On Tuesday, Statistic Canada reported that the amount of permits for new buildings issued in Canada slumped 5.2% in April, which is significantly more than an anticipated 2.0% decline. This outweighs strong gains during previous month, when the figure grew revised 4.9%.

Tue, 05 Jun 2012 17:10:20 GMT

Eurozone's PMI flop in 4 consecutive months

As the euro crisis continues to progress, the Eurozone manufacturing as well as services output experienced a drop at the most rapid rate during the period of three years. According to the statistics by Markit Economics, the EC Composite PMI Output index in both sectors maintained below 50 during the past 4 months with the last figures being 46.7 and 46 for April and May,

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