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The volume of retail sales in the euro area declined in July by 0.2% compared to the previous month, when the index rose by 1.5%, according to the data of Eurostat. Experts had predicted a decrease of 0.1%. Compared to the same month last year, retail sales in the euro area grew by 1.1% in July, while analysts had predicted growth of 1.3%. The sale of food, beverages and tobacco products in July fell by 0.6% compared to June. Excluding this category of goods, the indicator increased by 0.4%. The decrease was noted in the sales of motor fuel - by 0.7%, household appliances and furniture - by 1.3%. The growth was recorded in the sales of medicines - by 0.7%, clothing and footwear - by 1.4%.
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
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 ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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