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The volume of retail sales in the euro area increased in June this year by 0.3% compared to May due to the sale of food, according to data from Eurostat. Analysts had expected the growth rate of 0.4%. Sales of non-food products in comparison with May increased by 0.3%. The volume of cars sold in June increased by 0.6%. Sales of food, beverages and tobacco increased by 0.7%. Compared with June last year, the growth rate of retail sales decreased from the May level of 1.6% to 1.2%. Economists had predicted an increase of 1.4%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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