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In January, US retail sales increased 0.2% after falling 1.6% in December, the country's Department of Commerce reported. For economists, sales growth came as a surprise, since their forecast did not suggest a change in the December figure. Compared to the same month of 2018, an increase of 2.3% was noted. The sales figure, which does not include cars, gasoline, building materials and catering services, rose 1.1% in January. A month earlier, it was noted a drop of 2.3%. Economists expect the revised US growth estimate at the end of this month to be lowered, given the downward revision of December retail sales figures, as well as a report on the trade balance deficit and data on construction costs. At the same time, an increase of 2.6% in retail sales on the Internet and by mail in January indicated the most significant increase since December 2017.
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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