March 13, 2026
United States:
US Consumer Spending Barely Rises After Weaker GDP Growth
US consumer spending barely rose in January after economic growth was weaker than previously reported at the end of last year.
Inflation-adjusted consumer spending increased 0.1% from the prior month, according to Bureau of Economic Analysis data out Friday.
Europe:
Britain’s Economy Unexpectedly Stalled at Start of the Year
The UK economy unexpectedly failed to grow in January, suggesting activity was stalling even before conflict in the Middle East threatened to deliver a fresh blow to consumers and businesses.
Gross domestic product was unchanged after 0.1% growth in the previous month, the Office for National Statistics said on Friday.
Asia:
China’s Credit Shows Surprise Growth as Firms Step Up Borrowing
China’s credit expansion surprisingly picked up from a year ago in February, helped by improved corporate lending despite slower government bond sales.
Aggregate financing, a broad measure of credit, increased 2.4 trillion yuan ($345 billion), according to data released by the People’s Bank of China on Friday.
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