U.S. retail sales drop more than expected, partly due to adverse weather. Underlying trend still solid. Strong utilities output supports U.S. industrial production, as cold weather weighs on manufacturing and mining. U.S. business inventories decline at yearend, but level still near balanced with demand. U.S. import prices rise less than expected, reflecting dollar strength. Eurozone GDP revised up, green shoots ahead. China's lending surges, but overall credit still weak.
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