Overview
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There was more encouraging news from the euro area. Unemployment fell slightly, from 8.4% in March to 8.3% in April. Producer-price inflation also edged down, from 4.2% in March to 4.1% in April. Only retail sales spoiled the fun; after a disappointing decline of 0.4% in March, volume was up only 1.6% on a year earlier.
This article appeared in the Economic & financial indicators section of the print edition under the headline “Overview”