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Retail sales in the US rose in March by 0.6% compared to February, when a decline of 0.1% was recorded, according to the data of the country's Ministry of Trade. Analysts had expected an increase of 0.4%. Excluding cars, gasoline and building materials, the indicator increased by 0.4% and coincided with the forecasts of the experts. In March, sales growth was noted in 8 of the 13 main categories of retail goods. Sales of cars increased at a maximum rate since September - by 2%. The decrease was recorded in the construction materials category by 0.6%, sports goods - by 1.8%, clothing - by 0.8%, gasoline - by 0.3%. Excluding automobiles, growth was 0.2%.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
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 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 ...
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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