Retail sales edged up 0.4% in Jan but fell short of estimates of 0.8%. Export prices ex. agriculture were flat in Jan, while import prices ex. oil grew 0.1%. Overall industrial production remained flat in Jan, despite output soaring 1.5%, the biggest gain since Dec 2006. Meanwhile, Moody's downgraded six European nations, including Italy and Spain, and warned that its top ratings on Austria, France and the U.K. could be at risk, citing a lack of certainty over fiscal and economic reforms in the region.