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Retail sales in the US rose in May this year by 0.8% against growth of 0.4% in the previous month, data of the country's Ministry of Trade showed. Analysts had predicted an increase in sales by 0.4%. In annual terms, the indicator grew by 5.9%. Excluding automobiles, gasoline and building materials, retail sales grew by 0.5% in monthly terms. Sales growth in May was noted in 10 of the 13 main categories of retail goods. Sales of building materials increased by 2.4%, clothing - by 1.3%, cars and spare parts for them - by 0.5%. At the same time, sales of sports goods decreased by 1.1%. Excluding cars, retail sales increased 0.9% after rising 0.4% in April.
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 ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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