European stocks retreated, following their biggest weekly gain in a month, as China’s economy grew at a slower pace than estimated and a gauge of manufacturing in the New York area missed forecasts.

In China, gross domestic product rose 7.7 percent in the first quarter, the National Bureau of Statistics said in Beijing. That compared with the 8 percent median forecast by analysts in a survey and the 7.9 percent pace in the fourth quarter. The country’s industrial production increased in March at a slower rate than economists had estimated, while retail-sales growth matched forecasts.

In the U.S., the Federal Reserve Bank of New York’s general economic index slowed to 3.1 this month from 9.2 in March. Economists in a survey had forecast it would drop to 7. Readings greater than zero mean that activity increased.

National benchmark indexes fell in all of the 18 western- European (SXXP) markets. The U.K.’s FTSE 100 Index and France’s CAC 40 Index slid 0.6 percent, while Germany’s DAX Index lost 0.5 percent.

Randgold plunged 8.3 percent to 4,549 pence and Fresnillo Plc, the biggest primary silver producer, sank 15 percent to 1,078 pence. Silver slumped 10 percent in London trading. BHP Billiton Ltd., the world’s largest mining company, slid 3.7 percent to 1,822 pence and Rio Tinto Group, the second biggest, slipped 3.5 percent to 2,973 pence.

Publicis dropped 5.2 percent to 51.56 euros after the world’s third-biggest advertising company called 2013 a difficult year and said first-quarter sales rose 1.3 percent to 1.56 billion euros ($2 billion). The revenue growth missed consensus estimates, Goldman Sachs Group Inc. and CA Cheuvreux said in notes to investors.

Accor SA declined 4.2 percent to 25.62 euros after Credit Suisse Group AG downgraded Europe’s largest hotel operator to underperform, the equivalent of sell, from outperform, citing the increasing risk of disappointing first-quarter earnings.

U.S. stock futures declined after China’s economy grew at a slower pace than economists forecasts.

Global Stocks:

Nikkei  13,275.66 -209.48 -1.55%

Hang Seng 21,772.67 -316.38 -1.43%

Shanghai Composite 2,181.94 -24.84 -1.13%

FTSE  6,327.64 -56.75 -0.89%

CAC  3,705.52 -23.78 -0.64%

DAX 7,688.44 -56.33 -0.73%

Crude oil $89.39 -2.08%

Gold $1417.40 -5.59%

European (SXXP) stocks retreated, following their biggest weekly gain in a month, as China’s economy grew at a slower pace than estimated and as investors awaited a report on manufacturing in the New York area. U.S. index futures and Asian shares also fell.

In China, gross domestic product rose 7.7 percent in the first quarter, the National Bureau of Statistics said in Beijing. That compared with the 8 percent median forecast by analysts in a Bloomberg News survey and the 7.9 percent pace in the fourth quarter. The country’s industrial production increased in March at a slower rate than economists’ had estimated, while retail-sales growth matched forecasts.

Empire Manufacturing

Manufacturing in the New York region expanded for a third month in April, a report at 8:30 a.m. local time may show. The Federal Reserve Bank of New York’s general economic index slowed to 7 this month from 9.2 in March, economists forecast in a Bloomberg News survey. Readings greater than zero mean that activity increased.

Deutsche Telekom advanced 2.2 percent to 8.97 euros. Dish Network Chairman Charlie Ergen proposed a merger with T-Mobile USA Inc. before Deutsche Telekom announced an improved bid for MetroPCS Communications Inc. on April 10, people familiar with the situation said. Germany’s largest telecommunications operator may consider Dish’s proposal, the people said.

Philipp Schindera, a spokesman for Bonn-based Deutsche Telekom, and Dish spokesman Bob Toevs declined to comment.

Centrica rose 1 percent to 383.1 pence after purchasing the gas assets in southern and central Alberta from Suncor Energy Inc. for $980 million. Centrica will own 60 percent of the fields and Qatar Petroleum 40 percent, according to a statement from the Windsor, U.K.-based company

At that moment:

FTSE 100 6,322.2 -62.19 -0.97%

CAC 40 3,700.66 -28.64 -0.77%

Asian stocks dropped, with the regional benchmark index retreating from the highest level in 20 months, after Chinese economic growth and industrial production expanded less than economists’ estimated.

Nikkei 225 13,275.66 -209.48 -1.55%

Hang Seng 21,807 -282.05 -1.28%

S&P/ASX 200 4,967.9 -45.63 -0.91%

Shanghai Composite 2,181.94 -24.84 -1.13%

Jiangxi Copper Co., China’s largest copper producer, slid 4.7 percent in Hong Kong.

Nissan Motor Co., a Japanese carmaker that gets 32 percent of sales from North America, slid 3.9 percent, pacing declines among exporters after U.S. retail sales unexpectedly fell.