SUBSCRIBERS
Retail sales, producer prices fare poorly in October
Weak spending tone unlikely to significantly shift expectations of a Fed rate hike next month
Published Fri, Nov 13, 2015 · 09:50 PM
Washington
US retail sales rose less than expected in October while producer prices dropped in October for a second straight month.
A surprise decline in automobile purchases hit retail sales, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Heatwave swells Asia's appetite for air-conditioning
Labour wins UK by-election as Tory PM Sunak stares at more losses
South Korea to slap fines on food suppliers for ‘shrinkflation’
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific
EU, ISSB agree on minimising overlaps in company climate disclosures