Japanese retail sales supported by firm car demand

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Source: BBC
Japanese retail sales increased more than projected in January on the soaring car sales due to subsidies on the energy efficient vehicles. Retail sales grew by 1.9% on an annualized rate while car sales surged by 24%. The surge followed government's incentives such as subsidies aimed at boosting domestic car demand as Japan's car producers were severely harmed by the tsunami and earthquake.
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Tue, 28 Feb 2012 08:10:44 GMT

Pending house sales increased more than expected in the US

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Tue, 28 Feb 2012 10:00:27 GMT

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