European Economies: Retail Sales, German Factory Orders Rise
Dec. 6 (Bloomberg) -- European retail sales rose the most in three months in November and manufacturing orders in Germany increased more than forecast in October, reinforcing the European Central Bank's view that the euro economy is gathering pace. An index of retail sales in the dozen nations sharing the euro rose to 50.7 from 50.4 in October, according to a survey for Bloomberg LP by NTC Research Ltd. published today. Factory orders in Germany rose 2 percent from September, the Economy Ministry in Berlin said, more than the 0.5 percent gain forecast by economists. By contrast, U.K. industrial production dropped the most in seven months in October.
No comments:
Post a Comment