{"id":38131,"date":"2013-05-07T02:37:47","date_gmt":"2013-05-07T06:37:47","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=38131"},"modified":"2013-05-07T02:37:47","modified_gmt":"2013-05-07T06:37:47","slug":"eurozone-retail-sales-drop-again","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/07\/eurozone-retail-sales-drop-again\/","title":{"rendered":"Eurozone Retail Sales Drop Again"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>According to the European Union statistics agency Eurostat the volume of sales have dropped 0.1% after a 0.2 drop in February. The retail across the eurozone has dropped for the second time in March.<\/p>\n<p>Reports show a worse than expected 24% drops which has got economist worried about the eurozone economic growth.<\/p>\n<p>The European Commission forecast last week showed that euro-area growth would possibly shrink by 0.4%.<span id=\"more-1757\"><\/span><\/p>\n<p>The Eurostat data reports that Spain saw the biggest fall with their retails, which came down to 10.5% compared to last year.<\/p>\n<p>Eurostat shows that there was all spending on items such as clothed and electronics n the 17- nation euro bloc.<\/p>\n<p>The unemployment rate is expected to hit an average of 12.2 later this year according to analysts.<\/p>\n<p>Consumers show concerns for the European Central Bank which lowered benchmark interest rate to a record low of 0.5 last week.<\/p>\n<p>Countries of the eurozone are expected to ease up and come together to ease up on austerity measures, fears and precise budget cut hindering growth<\/p>\n<p>France&#8217;s finance minister Pierre Moscovici said on Monday that the dogma of austerity was over.<\/p>\n<p>He told French radio that a more &#8220;responsible attitude&#8221; to austerity budget cuts was now in place<\/p>\n<p>The euro-area services PMI rose to 47 in April to 46.4 in March. Improving on the initial estimate of 46.6.<\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/euro\/eurozone-retail-sales-drops-again-this-month.html\">Eurozone Retail Sales Drop Again<\/a> appeared first on <a href=\"http:\/\/blog.hymarkets.com\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog According to the European Union statistics agency Eurostat the volume of sales have dropped 0.1% after a 0.2 drop in February. The retail across the eurozone has dropped for the second time in March. Reports show a worse than expected 24% drops which has got economist worried about the eurozone &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/07\/eurozone-retail-sales-drop-again\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eurozone Retail Sales Drop Again&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-38131","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=38131"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38131\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=38131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=38131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=38131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}