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The US Department of Commerce released data on retail sales in February. Their volume decreased by 0.2% compared to January, when there was an increase of 0.7%. This was a surprise for economists, who had expected an increase of 0.2%. Sales, which do not include cars, gasoline and building materials, fell in February by 0.2% as well. A month earlier, it was recorded an increase of 1.7%. Retail sales, which did not take into account only cars, showed a decrease of 0.4% after a 1.4% increase in January. The highest rates of decline in sales since April 2012 were recorded in building materials stores, where the figure fell by 4.4%. The fall in food and beverage sales by 1.2% was the most significant in the last 10 years.
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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