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The US Department of Commerce published a report on the dynamics of retail sales in March, noting the record growth rate since September 2017 last month. The volume of retail sales grew by 1.6% compared to February, when the figure fell by 0.2%. Experts had expected sales to increase by only 1%. The growth of retail sales, not taking into account cars, gasoline and building materials, also turned out to be better than expected, reaching 1% after a decline of 0.3% a month earlier. The figure, which does not include car sales, rose by 1.2%, while economists had predicted an increase of 0.4%. Cars and spare parts for them were sold by 3.3% more than in February. Clothing sales increased by 2%, food and beverages - by 1%, electronics - by 0.5%. The growth in gasoline sales in monetary terms was 3.5%. A decrease in the indicator was observed only in one category - the sale of sporting goods decreased by 0.3%.
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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