Washington, Safar 11, 1432, Jan 15, 2011
In international economic news, China’s central bank said it will raise the reserve requirement ratio for the nation’s banks by half a percentage point. The move came after the government increased reserve requirements six times last year, as the nation attempted to combat inflation.
In U.S. economic news, the Commerce Department said the Consumer Price Index (CPI), a key measure of consumer inflation, rose 0.5 percent in December after rising 0.1 percent in the previous month.
Separately, the Commerce Department said retail sales increased 0.6 percent in December, following a rise of 0.8 percent in November. Sales were expected to have gained 0.7 percent. Sales excluding automobile sales rose 0.4 percent, after jumping 1.2 percent in the previous month. Economists expected a 0.6 percent gain.
The Federal Reserve said industrial production rose 0.8 percent in December. Capacity utilization is expected to have risen to 76 percent in December, form 75.4 percent during the previous month.
http://www.spa.gov.sa/English/ListNewsInCat.php?pg=1&catid=11
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