SUBSCRIBERS
February retail sales, producer prices dip
Published Tue, Mar 15, 2016 · 09:50 PM
Washington
US retail sales fell less than expected in February, but a sharp downward revision to January's sales could reignite concerns about the economy's growth prospects. Producer prices also slipped in February on lower energy and food costs.
The Commerce Department said on Tuesday that retail sales dipped 0.1 per cent last month as automobile purchases slowed and cheaper petrol undercut receipts at service stations.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month