Retail sales in the euro zone was less than expected in December. RTÉ reports
Euro zone retailers saw their sales grow 0.3% in December from November, and 2.1% over one year, which was less than expected.
But retail sales are looking good in the UK in January. From Reuters:
The British Retail Consortium said the value of like-for-like sales grew an annual 3.1 percent last month compared with a strong 2.5 percent increase in December.
Total sales growth, which includes new floorspace, rose to 5.2 percent from 4.4 percent. The three-month annual rate for like-for-like sales picked up to 2.1 percent from 1.9 percent.
Meanwhile, Japan's economy looks headed for slower growth. From Bloomberg:
The leading index was at 25 percent in December, below 50 percent for a second month, the Cabinet Office said today in Tokyo. A number below 50 indicates the economy will cool in three to six months. The result matched the median estimate of 27 economists surveyed by Bloomberg News.
On the other hand, the Conference Board's leading index for Japan increased 0.7 percent in December, up from 0.2 percent in November and 0.6 percent in October.
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