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Home sales in the US reduced in June more than analysts expected. The properties shortage led to the prices growth to its maximum. Experts suggest that the real estate market was fighting to restore its speed. Sales in real estate fell down by 1,7% to 5,27 million in June. The median price of houses raised 4,3% year-on-year to its high of $285,700 last month. Housing is considered as the weakest field of economy. It, together with manufacturing, offset high consumer spending which can lead to a slowdown in economics. Thus, the Federal Reserve may cut interest rates very soon this year.
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
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 ...
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