According to the newest report by HSBC, emerging markets saw their growth decelerate in February. The EMI showed that especially larger economies witnessed more sluggish economic growth.
The Commerce Department said Monday that there was 0.8 percent rise noticed in retail sales increased 0.8 percent, after rising 1.0 percent in February. Some of the increase went to higher gas prices. U.S. Consumer spending accounts for more than two-third of its economic activity.