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The UK retail sales index in November reached 19 points, significantly exceeding the October value of 5 points, the Confederation of British Industrialists reported on the basis of a survey of 104 companies. Experts had predicted less significant growth - up to 10 points. Survey participants noted the recovery of supplier orders after their decline in the previous month. In November, in the retail sector there was a slowdown in employment, which has been declining for 8 consecutive quarters. Growth in average selling prices also slowed down this month, and retailers expect a similar rise in the coming month. Survey participants expect that retail sales in December will continue to grow at the same pace as in November, however, according to their estimates, their business situation will worsen over the next 3 months.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
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 ...
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