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

US pending home sales rose more than initially expected last month, approaching the highest level in almost two years, according to industry data. The pending home index added 0.2% last month as compared to a 1.9% fall in December, reported the National Association of Realtors. Analysts predicted the sales to grow by 1.0% in January.

Tue, 28 Feb 2012 10:00:27 GMT

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