Saturday, 13 September 2014

US retail sales and consumer confidence rise, eurozone industrial production rebounds

Economic data on Friday were positive.

In the US, retail sales rose 0.6 percent in August after rising 0.3 percent in July.

And US consumer spending could improve further after another report on Friday showed that the preliminary September reading of the Thomson Reuters/University of Michigan consumer sentiment index indicated a rise to 84.6 from 82.5 in August.

In the euro area, industrial production rose 1.0 percent in July after falling 0.3 percent the previous month.

Another report showed that eurozone employment rose 0.2 percent in the second quarter.

In China, a report showed that bank lending rose to 702.5 billion yuan in August, nearly twice July's 385.2 billion yuan.

Total social financing, a broader gauge of credit in the economy, reached 957.4 billion yuan in August, more than tripling the 273.1 billion yuan in July.

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