Eurozone Retail Sales Fall, U.S. Labor Productivity Rises More Than Expected In Q2, Australia GDP Rises 0.6% On Quarter In Q2

Latest economic data, Australia GDP Rises 0.6% On Quarter In Q2, The gross domestic product in Australia was up a seasonally adjusted 0.6 percent on quarter in the second quarter of 2012, the detail data describe from the Australian Bureau of Statistics said on Wednesday

From British economic news, UK Shop Price Inflation Rises In August, Shop price inflation in the UK rose marginally in August, while food price inflation remained at its lowest level in nearly two years, a report from the British Retail Consortium (BRC) data showed Wednesday

Asian economic leader, China's Service Sector Growth Eases To 1-Year Low, from Sanghai we reporting, China's service sector activity slowed to its weakest level in a year in August, mainly due to weak growth in new order volumes, a report from Markit Economics revealed Wednesday

Meanwhile, Eurozone Retail Sales Fall As Crisis Cripples Consumer Spending, Retail sales data volume in Eurozone declined in July after showing some improvement in the past two months as the debt crisis in the region continued to weigh, Eurozone retail sales describe anything about the retail crisis

Anyway, Bank Of England To Hold Fire On QE, Rates, Bank of England policymakers are set to hold fire on quantitative easing and interest rate as officials continue to assess the impact of bond purchases and the lending facility on economic activity. Given the weak economic condition, the case for more stimulus is seen in the pipeline

Latest economic data from New York, U.S. Labor Productivity Rises More Than Expected In Q2, Labor productivity data in the U.S. increased by much more than previously estimated in the second quarter, according to a report released by the Labor Department on Wednesday, with the report also showing a smaller than previously estimated increase in labor costs

Eurozone finance regulators, ECB May Unveil Crisis-fighting Measures, The European Central Bank on Thursday is widely expected to announce measures to battle the sovereign debt crisis that has plagued the euro area, which could include buying bonds of peripheral governments as indicated by the bank's President Mario Draghi last month.

European central bank may also cut the refinancing rate, which is currently at 0.75 percent, while the deposit rate that is already at zero is likely to be left unchanged, as predicted