April 16, 2025
United States:
US Retail Sales Jump by Most in Two Years on Car-Buying Rush
US retail sales rose substantially in March on a jump in car purchases and other goods such as electronics, suggesting consumers were scrambling to get ahead of tariffs.
The value of retail purchases, not adjusted for inflation, increased 1.4%, the most in over two years, Commerce Department data showed Wednesday. Excluding autos, sales climbed 0.5%.
United Kingdom:
UK Inflation Dip Offers Households Relief Before Bills Rise
UK inflation slipped back for a second straight month, providing some relief for households before they were hit by a huge increase in bills in April.
Consumer prices rose 2.6% in the 12 months to March, an easing from the 2.8% increase in February, the Office for National Statistics said Wednesday.
Asia:
Strong China GDP Growth Fails to Stem Calls for Urgent Stimulus
China’s economy showed surprising strength in early 2025 thanks to consumer subsidies and a rush of export shipments to beat tariffs, although an impasse with Donald Trump over the trade war is darkening its outlook and fuelling calls for stimulus.
China’s gross domestic product grew 5.4% in the first quarter from a year ago, the government said Wednesday, more than a forecast of 5.2%.
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