February 14, 2025
United States:
US Retail Sales Drop Broadly in Month Marked by Fires, Storms
US retail sales fell in January by more than forecast in a month marked by severe winter weather and deadly wildfires.
The value of retail purchases, not adjusted for inflation, decreased 0.9% after an upwardly revised 0.7% gain in December, Commerce Department data showed Friday.
Europe:
Euro-Area Economy Surprises With Growth in 2024 Last Quarter
The euro-area economy managed to eke out growth at the end of last year after all, with Eurostat revising up its initial estimate.
Gross domestic product increased 0.1% in the three months through December from the previous quarter, the European Union statistics office said on Friday.
Asia:
China’s Central Bank Nods to Outside Forces Hindering Easing
China’s central bank said it will give weight to economic factors abroad and tweak its policy if necessary, a recognition of external constraints on monetary easing as the yuan remains under pressure to depreciate.
The People’s Bank of China will “choose the opportunity to adjust and optimize the intensity and pace of policies based on domestic and foreign economic and financial conditions,” it said in a quarterly monetary policy report published Thursday.
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