• Retail sales in April increased by 8.1% y/y. Household spending did not meet expectations but it still indicates continuation of consumers demand rapid growth in the 2Q07. • Japanese economy revival continues, according to local government. Consumer expenses are increasing, on the other hand outlook of industrial production has worsened due to cars production decline and disposal of reserves in electronic industry. • Moscow continues to be the most expensive city in the world followed by London, according to Mercer Human Resource Consulting Agency survey. Prague is in the 49th place while Bratislava in the 31st place. • According to Factum agency survey, existing coalition would gain 106 seats in the Lower Chamber of Parliament. ODS would receive 33.5% of votes and CSSD 30.8%. Third Communist would receive 12.7% of votes. • Consumers’ inflation in the USA in May reached 0.6% m/m, while core CPI increased by 0.1%. Industrial production remained flat in May.