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Data from the US Department of Commerce showed that in September, weak growth in retail sales in the country by only 0.1% compared to August was significantly lower than analysts' forecasts, who had expected growth of 0.6%. The consequences of Hurricane Florence were the main reason for the weakening consumer demand for visiting restaurants, which affected the sales figures in September. The rate of decline in sales in catering establishments by 1.8% was the fastest since December 2016. At the same time, the growth of retail sales excluding cars, gasoline and building materials by 0.5% exceeded the expectations of experts who had predicted a rise of 0.4%. In September, automobiles and spare parts for them were sold by 0.8% more than in August, when a decline of 0.5% was noted. Gasoline sales increased by 1.1% over the month, electronics - by 0.9%, clothing - by 0.8%.
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
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