German business climate declines in October

Note: This section contains information in English only.
Source: Bloomberg
According to the newest data, business confidence in the largest economy of the Eurozone fell slightly in October of the current year, but the overall long-term trend continued to be positive. The decline was registered for the first time since April. The benchmark index reached 107.4 points against 107.7 in September. At the same time, a majority of analysts expected the index to be at 108 points in October.
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Fri, 25 Oct 2013 10:20:04 GMT

Italian retail sales stay flat against expectations

Retail sales in Italy did not change from the previous month in August of this year, while many experts forecasted the sales to add 0.2%. It is worth pointing out that Italian retail sales missed economists' estimates already for the 14th consecutive month. At the same time, July data was revised positively on both monthly and annual basis. It is

Fri, 25 Oct 2013 10:09:05 GMT

Sterling gains for second week against greenback amid UK economy expansion

The Pound advanced 0.1% to $1.6224 at 9:44 am in London, after touching $1.6257, the highest level since October 1, as UK gross domestic product expanded at fastest pace in Q3 since the Q2 of 2010, according to government report. The Sterling advanced 0.4% against greenback during this week, while it changing hands at 82.21 pence per Euro.

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