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In May of this year, the volume of retail sales in Canada increased by 2% compared to the previous month to 50 billion 756 million Canadian dollars, according to the statistics of the country. Experts had expected growth of only 1%. Compared to May 2017, retail sales grew by 3.6%. Excluding cars, the figure rose by 1.4% to 37 billion Canadian dollars, while analysts had predcited an increase of only 0.5%. Sales without cars in annual terms increased by 4.1%. According to another office for statistics, consumer prices in Canada increased by 2.5% in June on an annualized basis, after an increase of 2.2% in the previous month. Experts had predicted inflation at 2.3%.
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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 ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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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