This day is marked by the GDP data for Q4 12
Total retail sales in the U.S. has increased slightly in January in line with expectations of 0.1% m / m, but sales in the control group (used to estimate consumption in GDP), fell short of the expected growth of 0.3% m / m Scored only 0.1% m / m According to our colleagues from the SG is still a positive message that brings hope for a decent economic growth in Q1 13th
Today will in many European countries and for the EMU as a whole published important data for GDP for the last quarter of last year. Our colleagues expect the euro area economy decline by 0.4% q / q, which would constitute the most significant decline over the last four years. QoQ decline should be recorded in all countries of economic data tomorrow published. This morning's figures for the German economy showed a decline of 0.6% q / q (market -0.5%). French GDP also slightly disappointed when it fell by 0.3% q / q (market -0.2%).
In the U.S., we will see the traditional number of new applications for unemployment benefits. This should by consensus market last week decrease slightly to 360 thousand.The four-week moving average, which better reflects the situation in the U.S. labor market, dropped last week to 350.5 thousand decent.
Author: Marek Dřímal
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