Retail sales, import prices surge
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Retail sales rose more than twice as much as expected in May, while import prices surged, adding to recent data suggesting the U.S. economy is recovering strongly after a slowdown in the first quarter.
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America's trade deficit rose to its second-highest level of the year as the price of imported crude oil jumped and demand for Chinese products remained strong despite recalls of tainted products.
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China&#39;s retail sales in the first two  months rose a strong 14.7 percent from a year earlier,  reinforcing a trend of sturdy spending buoyed by rising incomes  and government steps to spur consumption.
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US retail sales leapt 1.0 percent in November, the Commerce Department said in a report showing much stronger-than-expected consumer spending.
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Retail sales in Britain surged in September, with the annual growth rate hitting the highest level for three years, official data showed on Thursday.
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U.S. chain store retail sales rose in  the latest week, due to a late pre-Christmas surge in spending,  a report said on Tuesday.
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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace this decade.
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Retail sales unexpectedly accelerated at the fastest rate in three years, lifted by rising incomes and a stock market that has doubled this year. Sales rose 15.9 percent from a year earlier to 715.8 billion yuan ($94 billion) after gaining 15.5 percent in April, the statistics bureau said. The gain was the biggest since May 2004 after adjusting for distortions caused by Chinaâs Lunar New Year holidays.
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China's retail sales grew at their fastest pace in five months during October, driven by rising wages.
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The bond market rallied and a government report on retail sales exceeded economistsâ estimates.
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Commodities rise to record levels on demand, dollar depreciation.
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Wholesale prices, pushed by sharply higher energy and food costs, soared by 1.7 percent in October, the largest increase since early 1990.
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WASHINGTON -- Wholesale prices and retail sales jumped in November and jobless claims fell last week.
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As expected, stronger overseas growth and a weaker dollar boosted exports to a record and higher oil prices helped lift imports to an all-time high, a government report showed.
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New orders for long-lasting U.S.-made manufactured goods rose by a much bigger-than-expected 5.2 percent in December and a key gauge of business spending also surged, a Commerce Department report showed on Tuesday.
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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace since 1999. The increase pushed total spending for the month to a seasonally adjusted $349.4 billion, the Commerce Department said.
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America's trade deficit swelled to an all-time high of &#36;55.5 billion in October as imports &#151; including those from China &#151; surged to the loftiest levels on record. Skyrocketing crude-oil prices also contributed to the yawning trade gap.