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Consumer spending in the UK rose 0.5% in November compared with the same month last year, the British Retail Consortium reported. The annual growth rate slowed compared with a 1.3% rise in October and was the slowest in more than a year. The indicator has a negative impact on the situation around the option of a country’s withdrawal from the bloc approved by the European Union. Barclaycard's data also indicated the slowest growth in consumer spending in March, which increased by 3.3%. Even the discounts that retailers offered on “Black Friday” did not help the growth of the indicator. According to Barclaycard experts, consumer confidence has fallen to a minimum since 2015.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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