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3 Numbers: EU retail spending stronger, US jobs, US services
Today’s hard data on Eurozone retail sales will focus attention anew on the mounting evidence that a mild recovery is underway. Later, the US economy is under the microscope with two updates for February: the ADP Employment Report and the ISM Non-Manufacturing Index. EU: Retail Sales (10:00 GMT) Yesterday’s retail sales report for Germany delivered a bullish signal in no uncertain terms. Inflation-adjusted spending surged 2.9% on the month and 5.3% against the year-earlier level. It’s been clear for weeks that positive momentum has returned to Europe’s biggest economy, with the latest consumption figures ... (full story)