Eurozone retail sales rise 0.7 percent in October
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Eurozone retail sales rose 0.7 percent in October from September but were down 0.2 percent compared with October 2003, the European statistics agency Eurostat reported.
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Retail sales over the Internet rose 4.7 percent in the third quarter and gained 21.5 percent compared with the same period last year as consumers continued to turn to e-commerce for shopping, a government report showed Friday.
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Rising energy costs drove up US consumer prices a larger-than-expected 0.6 percent in October, while industrial output and housing starts rebounded strongly from the prior month.
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High Street sales saw their strongest growth last month since mid-2006 despite recent rate rises, a report says.
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European industrial growth showed little signs of slowing last month, according to closely watched surveys on Monday that set the scene for further central bank interest rates rises.
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BusinessWeek Online - Euro zone property markets have started to cool as a result of the European Central Bank&#39;s rate policy. The latest annual data, published in the ECB&#39;s May monthly report, show that euro zone house prices rose 6.0% year over year in the second half of 2006, down from 6.9% year over year in the first half. This means 2006 property price inflation slowed to 6.4% from 7.9% in 2005. The 12-country average conceals a certain amount of heterogeneity, but it appears that most countries saw moderation.
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The euro rebounded against the dollar  on Friday to hit 8-1/2-month highs in technically-driven buying  which offset the effect of a much stronger-than-expected U.S.  employment report for October.
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U.S. consumer spending rose a  sharper-than-expected 0.7 percent in October, showing the  economy off to a solid fourth-quarter start despite a step-up  in inflation, a government report showed on Wednesday.
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The unemployment rate in the 12 nations sharing the euro slipped in October to a five-and-a-half year low of 7.7 percent from 7.8 percent in September, the European Union's Eurostat data agency has said.
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Drugstore chain CVS Corp. CVS.N on  Tuesday said October sales at stores open at least a year rose  5.4 percent on higher demand for prescriptions and other  merchandise at its CVS stores.
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U.S. retail sales increased by 0.1  percent in November, the Commerce Department said on Monday,  slightly stronger than expectations, while the previous month  was revised sharply higher.
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A shock rise in retail sales last month contradicted signs that the economy is slowing down, official figures showed today. The Office for National Statistics said sales volumes were up 1% in September - the fastest increase since January.
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US retail sales increased by 0.1 percent in November, the Commerce Department said on Monday, slightly stronger than expectations, while the previous month was revised sharply higher.
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The rise in retail sales was the best showing since March. Also, producer prices rose 0.1 percent in September.
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Sears, Roebuck &amp; Co. (SN: Quote, Profile, Research) on Thursday said sales at stores open at least a year rose 1.9 percent in October, breaking a string of six straight monthly declines, helped by growth in appliances.
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US retail sales in November were up 0.1 per cent from the previous month, slightly higher than expected. Sales were 7.2 per cent up on the same month last year, according to advance estimates
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Romania's inflation rose to 1.2% in October against 0.9% advance in September, amid non-food and services price rises.