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China's Industrial Production up by 6.1%

China's industrial output rose 6.1% last month from a year earlier, the statistics bureau said Thursday, accelerating from 5.9% in April and beating the median estimate of 6.0%. Retail sales added 10.1% in May, while fixed-asset investment excluding rural households climbed 11.4% in the first five months. 
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Australian Retail Sales unchanged, Trade Balance deficit grew

Australian Retail Sales were relatively unchanged (0.0%) in April 2015, thus missing forecasts on 0.4% increase. This follows a rise of 0.2% in March 2015 and a rise of 0.7% in February 2015. Trend estimate rose by 0.3% in April 2015. The following industries rose in trend terms in April 2015: Food retailing (0.2%), Clothing, footwear and personal accessory retailing (1.0%), Cafes, restaurants and takeaway food services (0.4%), Household goods retailing (0.2%), Other retailing (0.3%) and Department stores (0.2%).
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Eurozone Retail Sales rose by 0.7%

In April 2015 compared with March 2015, the seasonally adjusted volume of retail trade rose by 0.7% in line with market predictions. The 0.7% increase in the volume of retail trade in the euro area in April 2015, compared with March 2015, is due to rises of 1.3% for “Food, drinks and tobacco”, of 0.6% for automotive fuel and of 0.3% for the non-food sector. In the EU28, the 0.6% increase in retail trade is due to rises of 0.8% for “Food, drinks and tobacco”, of 0.7% for automotive fuel and of 0.5% for the non-food sector.  Read more...

Another weak month for US retail sales

U.S. retail and food services sales for April, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $436.8 billion, virtually unchanged  from the previous month, and below forecasts on 0.3% increase, but 0.9% above April 2014. Total sales for the February 2015 through April 2015 period were up 1.5% from the same period a year ago.   Read more...

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