US Retail Sales rose at a pace of 0.9% MoM in April, in line with the expected pace of 0.9% but slower versus the previous month’s 1.4% MoM pace of gain (which had been revised up from 0.7%), data released by the US Census Bureau on Tuesday revealed. YoY, sales …
Read More »US Retail Sales rise by 0.3% in February
Retail Sales in the US rose by 0.3% on a monthly basis in February to $658.1 billion, the data published by the US Census Bureau showed on Wednesday. This reading fell short of the market expectation for an increase of 0.4%. On a positive note, January’s print got revised higher …
Read More »UK Retail Sales Rebound Sharply in January
The UK retail sales came in at 1.9% over the month in January vs. 1.0% expected and -4.0% prior. The core retail sales, excluding the auto motor fuel sales, stood at 1.7% MoM vs. 1.2% expected and -3.9% previous. On an annualized basis, the UK retail sales jumped by 9.1% …
Read More »UK: Retail Sales Plunge by 3.7% in December
Retail Sales in the UK declined by 3.7% on a monthly basis in December following November’s increase of 1% (revised from +1.4%), the UK’s Office for National Statistics reported on Friday. This reading missed the market expectation for a decline of 0.6% by a wide margin. On a yearly basis, …
Read More »UK retail sales positively exceed expectations
Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and recorded a positive reading for the second time in a row, as the retail sales index recorded a growth of 1.4%, compared to market expectations of a growth of about 0.8% …
Read More »Why Is Wall Street Not That Scared Of Inflation?
`About 65% of Americans now view their economy as poor, according to a poll by The Associated Press-NORC Center for Public Affairs Research. Almost all predictions indicate that inflation will continue to rise over the next months, this applies to fuel, electricity, food costs and every household purchase, but Wall …
Read More »UK Retail Sales Post a Positive Reading For The First Time in 4 Months
Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and posted a positive reading for the first time in 4 months at the end of last October. The retail sales index recorded a growth of 0.8%, compared to market expectations of …
Read More »Apple earnings misses on revenue
Apple reported earnings after the close on Thursday. Earnings per share came in at $1.24 versus the estimate of $1.24. Revenue came in at $83.36 billion versus the estimate of $84.85 billion. Apple fell over 4% in extended trading. Apple stock is trading at $146.7 in the aftermarket for a …
Read More »UK CBI Retail Sales Balance Improves to 30 in October
The Confederation of British Industry’s (CBI) latest Distributive Trades Survey showed on Tuesday that the Retail Balance in the UK improved to 30 in October compared to 11 in September. the Sales Expectations Balance advanced to 35 for November, compared to 29 for October. Finally, the stock levels in relation …
Read More »Tesla’s good news on sales and chip problems
Tesla’s good news covers growth despite shortage of microchips and Q3 impressive sales. U.S. dealers delivered 446,997 vehicles in the U.S. in the third quarter of 2021, down 218,195 units, or almost 33%. On the contrary, Tesla delivered 241,300 vehicles in the third quarter, up about 73% compared with the …
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