Eurozone retail sales fell at a faster than expected pace in April, after rising in the previous two months, as the Covid-19 lockdown restrictions were tightened in some countries. Retail sales decreased 3.1 percent from March, preliminary data from Eurostat showed Friday. Economists had forecast a 1.2 percent drop. In March, sales grew 3.3 percent, revised from 2.7 percent.The latest decline was...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.