Haver
February 12, 2016
Overall retail sales including food services & drinking places declined 0.8% last month following an unrevised 0.9% fall in December. A 0.5% shortfall had been expected in the Action Economics Forecast Survey. Sales excluding autos slumped 0.9% (+1.6% y/y) for a second month. A 0.5% shortfall had been expected. Sales in the retail control group, which exclude autos, gasoline, building materials and food services and align with the estimates in the GDP accounts, ticked 0.1% higher (4.3% y/y) after a 0.3% decline.
Haver
February 10, 2016
The job openings rate during December jumped to 3.5%, a record high. During all of 2014, the 3.5% rate was near the record reached in 2000. The job openings rate is the number of job openings on the last business day of the month as a percent of total employment plus job openings. The actual number of job openings surged 28.5% y/y to 5.028 million, the highest level since 2001. The Bureau of Labor Statistics reports these figures in its Job Openings & Labor Turnover Survey (JOLTS).
Reuters
February 5, 2016
The U.S. trade deficit shot up 17.1% to $46.6 billion in December, the biggest shortfall since November 2012, the Commerce Department said. The U.S. dollar's rising value depressed exports by making them more expensive and stimulated imports by making them cheaper.
The Irish Times (Dublin)
February 10, 2016
Eurozone finance ministers said Ireland can't renegotiate the terms of its EU rescue even if concessions are made to Greece over its debt repayment. The warning followed a statement by Irish Minister for Agriculture Simon Coveney that standards applied to Greece should be followed when dealing with other countries experiencing financial difficulties.
Channel NewsAsia/Agence France-Presse
February 10, 2016
Xinhuanet.com (China)
Wednesday, February 10, 2016
Inflation reached 0.8% last month in China, the lowest rate since November 2009, according to the National Bureau of Statistics. Analysts see a higher threat of deflation and say the government needs to roll out further stimulus.
Xinhuanet.com (China)
February 12, 2016
The People's Bank of China has injected a net 205 billion yuan into the financial system this week, the biggest increase in liquidity since January 2014. Demand for cash is unusually high as investors participate in 24 initial public offerings and as Lunar New Year nears.
Deutsche Welle (Germany)/Deutsche Presse-Agentur/Reuters
February 11, 2016
The Federation of German Chambers of Industry and Commerce has upgraded its forecast for economic growth this year to 1.5%, from 0.8%. Executives are more optimistic because low oil prices are making money available for consumer and business spending, and a weakening euro is making exports less expensive for trading partners, according to the group.
Reuters
February 11, 2016
U.S. financial advisers decreased by 1.9% last year compared with 2013, totaling 285,000 and marking the fifth consecutive year of decline, according to Cerulli Associates. About 39,000 advisers have exited the industry since the number peaked in 2008.
Bloomberg
February 13, 2016
The amount owed in dollars by non-bank borrowers outside the U.S. is $9 trillion, up 50 percent since the financial crisis, according to the Bank for International Settlements. Should the Fed raise interest rates as anticipated this year for the first time since 2006, higher borrowing costs for companies and governments, along with a stronger greenback, may add risks to an already-weak global recovery.
Bloomberg
February 13, 2016
The euro-area economy picked up momentum at the end of last year, with Germany reasserting itself as the driver of growth, offsetting weakness in Greece and Italy. Gross domestic product rose 0.3 percent in the fourth quarter after expanding 0.2 percent in the previous three months, the European Union’s statistics office in Luxembourg said Friday. Analysts surveyed by Bloomberg News predicted growth of 0.2 percent. The Greek economy unexpectedly shrank 0.2 percent.

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