Comment & Analysis
US: larger fall in retail sales but improving sentiment in regional manufacturing and housing; UK in a technical recession
US: Retail sales (Jan.): -0.8% m/m vs -0.2% expected (prior: 0.4% revised from 0.6%) Sales have contracted more than expected and prior month data were revised down. Sales ex food, autos, building materials and gasoline were down by 0.45% m/m after 0.6% m/m/ the prior month. Sales have sharply declined…
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