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Retail sales in the euro area remained in May this year at the level of April, according to the data of the Statistical Office Eurostat. In comparison with May of the last year, the growth of retail sales was 1.4%. Experts had expected the first indicator to increase by 0.1%, the second one - by 1.5%. Compared to the previous month, retail sales of food, beverages and tobacco products increased by 1.1%. Sales of motor fuel did not change. The decrease in the sale of goods was observed in the category of non-food products – by 1%, textiles, clothing and footwear – by 3.1%, electrical appliances and furniture - by 0.6%, computer equipment - by 0.5%, pharmaceutical products – by 0, 6%.
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 ...
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 ...
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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