Spanish CPI fell to -1.9%
Consumer price inflation in Spain fell more-than-expected last month, official data showed on Friday. In a report, Instituto Nacional de Estadistica said that Spanish CPI fell to -1.9%, from -0.3% in the preceding month. Analysts had expected Spanish CPI to fall -1.5% last month.
Spain’s gross domestic product rose last month. In a report, Instituto Nacional de Estadistica said that Spanish GDP rose to 0.8%, from 0.8% in the preceding month. Analysts had expected Spanish GDP to rise 0.8% last month. In a separte report, National Institute of Statistics said that Spanish retail sales fell to a seasonally adjusted annual rate of 2.2%, from 3.3% in the preceding month. Analysts had expected Spanish retail sales to fall to 3.0% last month.
Euro is currently being traded around 1.0890 area. Pair is likely to find support around 1.0850 handle and resistance above 1.0960 level. Later today, in the US session, GDP, Chicago PMI and Revised Consumer Sentiment figures are scheduled for a release.
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