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In December, the maximum decline in retail sales since 2009 was recorded in the USA. According to the US Department of Commerce, they fell by 1.2% compared to November. This was a surprise for economists, who had predicted a growth rate of 0.2%. The dynamics of retail sales, which account for about 70% of US GDP, is an important factor for the American economy. Their figure, which does not take into account cars, gasoline and building materials, noted an even greater drop in December, a decrease of 1.7%. These were the fastest rates of decline since September 2001. Demand fell in 11 out of the 13 major product categories. Food and beverages, gasoline, electronics, furniture and medical supplies showed a decline in sales.
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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