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In January, retail sales in Germany grew by 3.3% compared with December, when they decreased by 3.1%, according to preliminary data from Destatis. The growth rate in January significantly surpassed the 1.9% increase expected by economists and became the strongest since October 2016. Compared to the same month of the previous year, retail sales increased by 2.6%, indicating the most significant growth rate in 3 months. The annual rate was also higher than the projected growth of 1.2%. Last month, food, beverages and tobacco products were sold 2.7% more than in the same month a year earlier. Sales of non-food products showed an annual increase of 2.3%. Online sales and mail order sales grew by 6.2%.
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 ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
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 ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
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