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The growth of retail sales in the US by 0.1% in August was the weakest in six months due to a decrease in demand for cars and clothing, the data of the country's Ministry of Trade showed. A month earlier, their growth was registered at 0.7%. Analysts had expected that in August the growth would be 0.4%. Retail sales, not taking into account cars, gasoline and building materials, increased by 0.1% after rising by 0.8% in July. Experts had predicted an increase of 0.4%. If you do not consider only cars, then the sales increased by 0.3%, while economists had expected a rise of 0.5%. In August, the strongest drop in retail clothing sales was registered by 1.7% since February 2017. This is due to the maximum decrease in the price of clothing since 1949. In the past month, 9 of the 13 main categories of retail goods recorded an increase in sales.
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 ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
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 ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
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