January 17, 2024
United States:
US Retail Sales Rise By Most in Three Months to Cap Holidays
US retail sales rose at the strongest pace in three months in December, capping a solid holiday season that suggests consumer resilience heading into the new year.
The value of retail purchases, unadjusted for inflation, increased 0.6% in a broad-based advance, Commerce Department data showed Wednesday. Excluding autos, sales rose 0.4%.
Europe:
Lagarde Says It’s Likely ECB Will Cut Rates in Summer
The European Central Bank is likely to cut interest rates in the summer, according to President Christine Lagarde.
Interviewed at Bloomberg House in Davos by Francine Lacqua, she was asked if there could be majority support for such a move, given that several policymakers have signaled that timing.
Asia:
Japan’s Economy Gets Boost From 25 Million Visitors in 2023
Japan welcomed 25 million tourists in 2023, the largest number since 2019, as a weak yen helped attract post-pandemic visitors in a boost to the nation’s fragile economy.
The number of inbound tourists last year compared with 3.8 million in 2022, Japan’s National Tourism Organization reported Wednesday. December also marked the seventh consecutive month in which the number of foreign visitors exceeded 2 million, for the highest figure in that month on record.
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