Consumer sentiment index reaches 4 year high

Note: This section contains information in English only.
Source: Market Watch
After fourth consecutive increase consumer sentiment index reached the highest level since the beginning of 2008. It increased to 77.8, by 1.4 since March, above expectations of 76.2. Specialists think that this was mainly due to the fact that decreasing fuel prices, which impact current situation, outweigh negative expectations from slowing labor markets.
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Fri, 11 May 2012 16:38:13 GMT

EC: Euro Zone's economy to contract by 0.3% in 2012

The economy of the Euro Zone is likely to shrink by 0.3% this year and to expand by 1% in 2013, the European Commission reported. The commission also expects zero growth this year in the EU and a 1.3% expansion in 2013. However, the recovery of the region still remains fragile, said Olli Rehn, European Commissioner for Economic and Monetary

Fri, 11 May 2012 14:36:13 GMT

US producer price index drops

After three consecutive months of non negative changes, US producer price index decreased by 0.2% although no change was anticipated in April. According to specialists, this was mainly due to falling prices of core materials such as fuel, crude oil and intermediate goods. In past year index increased by 1.9% which is the smallest 12 month change in almost two and a half years. 

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