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The volume of retail sales in the UK dropped sharply in March of this year, falling by 18% in annual terms, a survey of 105 British firms, conducted by the Confederation of British Industry, showed. The March drop in the indicator was the most significant in 17 months and did not coincide with the forecasts of experts who had expected sales growth. Orders from retail suppliers fell 13% after a February increase of 7%. Internet sales grew by 21% in March, which was the lowest increase for the year. Wholesale sales fell 13% year-on-year at the slowest pace in 9 months. The sales of autotraders fell by 16%, noting the fastest rate of decline in 11 months.
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 ...
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 ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
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