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South Africa's retail sales down 3.5% year on year in January

By Reuters Staff
1 Min Read
JOHANNESBURG (Reuters) - South African retail sales fell 3.5% year on year in January following a revised 1.2% contraction in December, Statistics South Africa said on Wednesday.
On a month-on-month basis sales were down 1.6%, and in the three months to the end of January sales decreased 2.9% compared with the same period last year, the statistics agency said.
Reporting by Olivia Kumwenda-Mtambo; Editing by Alexander Winning ....

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Cold weather chills U.S. retail sales, manufacturing production

6 Min Read
WASHINGTON (Reuters) - U.S. retail sales fell more than expected in February amid bitterly cold weather across the country, but a rebound is likely as the government disburses another round of pandemic relief money to mostly lower- and middle-income households.
The harsh weather also took a bite out of production at factories last month as the deep freeze in Texas and other parts of the South put some petroleum refineries, petrochemical facilities and plastic resin plants out of commission.
The setback is probably temporary, with the strongest economic growth since 1984 anticipated this year, thanks to massive fiscal stimulus and an acceleration in the pace of vaccines, which should allow for broader economic re-engagement, even as new COVID-19 cases are starting to creep up. ....

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China's factories, consumers drive recovery into 2021

By Reuters Staff
5 Min Read
BEIJING (Reuters) - China’s factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy consolidated its brisk recovery from the coronavirus paralysis of early 2020.
FILE PHOTO: A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERS/File Photo
While the impressive set of numbers released on Monday were heavily skewed by the very low base from last year’s massive slump, analysts said they nonetheless showed China’s strong rebound remained intact. ....

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China industrial output rises 35.1% year-on-year in January-February

China's factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy consolidated its brisk recovery from the coronavirus paralysis of early 2020. ....

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Investors ignoring geopolitical risks to target undervalued Russian equities -analysts

3 Min Read
MOSCOW (Reuters) - Russian companies are cashing in on a global equity boom, leveraging growth potential and low valuations as investors largely ignore geopolitical risks and the risk of further sanctions on Moscow, analysts and bankers said.
FILE PHOTO: A woman picks up an order at the pick-up point of the Ozon online retailer in Moscow, Russia March 16, 2020. REUTERS/Evgenia Novozhenina
Russian gold miner GV Gold on Monday became the latest local company to announce plans for an initial public offering (IPO), following e-commerce firm Ozon’s Nasdaq listing in November and retailer Fix Price’s in London in March, when M.Video also made a secondary public offering (SPO). ....

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