Data on Monday showed that Eurozone retail sales were much stronger than expected in August thanks to a massive increase in online purchases and growth in clothing sales amid the Covid-19 pandemic, but July sales were revised down. Retail sales in 19 Eurozone countries jumped 4.4% month-on-month in August, registering …
Read More »German Retail Sales Soar in August Rising Hopes of Recovery
Data showed that German retail sales rose much more than expected in August, reviving hopes that household spending in Europe’s largest economy will lead to a strong recovery in Q3 from the coronavirus shock. Data from the Federal Statistics Office revealed that retail sales jumped 3.1% on a monthly basis …
Read More »UK Retail Sales Continued to Recover at a Rapid Pace in August
Official figures showed that UK retail sales continued to post gains last month, as parts of the sector recovered faster than most of the economy. The Office for National Statistics said retail sales volumes rose 0.8% in August, slightly more than the median forecast of 0.7% in a Reuters poll. …
Read More »Retail Sales Rise in China For The First Time in 2020
Retail sales in China rose in August for the first time since 2020, as Chinese consumers ramped up their spending in a sign of further economic recovery from the shock of the coronavirus pandemic. Retail sales rose 0.5% in August from the same period last year, in the first positive …
Read More »German Retail Sales Fall Unexpectedly in July
German retail sales declined in July, missing economists’ expectations of an increase Data released by the German Statistics Office on Wednesday showed that German retail sales fell by -0.9% during the month of July, compared to a decline of -1.9% in the previous June. On the year, retail sales rose …
Read More »UK Retail Sales Rise in July Surpassing Pre-Covid Peak
British retail sales rose above pre-coronavirus levels in July, the first full month that stores selling non-essential goods opened their doors since the country went into lockdown measures in March. The strong unexpected retail sales data reveals strength in consumer demand even as the rest of the economy struggles to …
Read More »Retail Sales in China Drop Unexpectedly in July, Industrial Production Growth is stable
Retail sales in China fell in July, disappointing expectations for a moderate increase, as consumers in the world’s second-largest economy failed to unleash caution about the Coronavirus, while the factory sector’s recovery struggled to increase its pace. Asian markets fell today after a disappointing set of economic indicators, which raises …
Read More »Retail Sales Continue to Bounce Back in June
UK retail sales increased during last June, exceeding analyst expectations. Data released by Office for National Statistics showed on Friday that retail sales in Britain increased by 13.9% in June, compared to 12.3% in May. Analysts had expected that retail sales in the United Kingdom would rise by about 8.3% …
Read More »