UK Retail Sales Recover In August

UK retail sales expanded in August on food and non-food store sales after wet weather hit footfall in July, official data showed on Friday. Retail sales posted a monthly growth of 0.4 percent, in contrast to the 1.1 percent decline seen in July. Nonetheless, sales volume was slightly weaker than […]

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German ZEW Economic Confidence Improves Moderately

Germany’s economic sentiment unexpectedly improved in September as interest rates are estimated to have peaked in the euro area and the U.S., but financial market experts’ assessment of the current situation turned more pessimistic, survey data from the ZEW-Leibniz Centre for European Economic Research showed Tuesday. The ZEW Indicator of […]

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German Trade Surplus Declines More Than Expected

Germany’s trade surplus declined more than expected in July on weak exports and rising imports, exacerbating the possibility of economic contraction in the third quarter. Exports posted a monthly decline of 0.9 percent in July, in contrast to June’s 0.2 percent increase, Destatis reported Monday. Nonetheless, the pace of decline […]

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