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The US Department of Commerce published data on the dynamics of retail sales in April. Last month, retail sales fell by 0.2% in the United States compared to March, when they grew by 1.7%. For experts, the decline was a surprise, they had expected it to increase by 0.1%. The sales figure, which does not include sales volumes of gasoline and building materials, remained in March at the March level, while economists had expected it to grow by 0.3%. Retail sales that did not include cars showed a weak increase of 0.1%, whereas a month earlier they grew by 1.2%. The fall in sales was noted in 8 out of 13 main categories of goods. Sales of cars fell by 1.1%. Sales of building materials fell by 1.9%, electronics - by 1.3%. At the same time, the increase in prices for automobile fuel was the reason for the increase in sales of gas stations by 1.8%.
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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