Preliminary data from the Union and distributors of automotive manufacturers in Britain showed that new car registrations fell by about 36% in February on an annual basis as forced public isolation procedures imposed anti-covid-19. The union noted that the volumes sold are at their lowest level in February since 1959. …
Read More »UK Retail Sales Recovered Less in December
Official data revealed that British retailers struggled to recover in December from partial lockdown measures the previous month, marking a weak end to their worst year on record, while public borrowing rose to its highest levels since 1962. These numbers bode poorly for Britain’s economy in early 2021, as it …
Read More »Chinese Auto Sales on Track to Recover in 2021
Auto sales in China fell for the third year in a row in 2020 but increased year on year for the ninth consecutive month in December as Beijing continues to lead the global auto sector’s recovery from the COVID-19 pandemic. Chinese auto sales fell 1.9% to 25.3 million cars last …
Read More »UK Retail Sales Rise Ahead of Christmas
A survey on Monday showed that UK retail sales rebounded in December with restrictions on stores eased and consumers buying food and other essentials before Christmas, but the outlook for January is the worst since summer. The monthly report of the Confederation of British Industries showed that the balance of …
Read More »UK Retail Sales Drop in November With Stores Closed
British retail sales fell last month when a four-week lockdown in England caused stores selling non-essential goods to close, dropping clothing sales by about a fifth and adding to the hardships in some of the main stores hit hardest. The Office for National Statistics said retail sales volumes overall fell …
Read More »German Retail Sales Rebound Before a Partial Close
German retail sales rebounded more than expected in October, data reported Wednesday, December 2, indicating that consumers supported overall growth in Europe’s largest economy ahead of partial lockdown measures to contain the second wave of the coronavirus pandemic. The Federal Statistics Office said retail sales rose 2.6% in October on …
Read More »UK Retail Sales Post The Biggest Drop Since June
A survey showed that British retail sales recorded the biggest drop since June this month under isolation measures in most parts of the country, but the decline was less than most economists feared, as online sales absorbed part of the decline. The Confederation of British Industry said its index of …
Read More »Auto Sales in China Climbed 12.5% in October
Car sales in China rose 12.5% in October compared to the same month a year ago, marking an increase for the seventh month in a row as the world’s largest auto market continues to lead the global auto industry’s recovery from its lows with the Covid-19 pandemic. The data from …
Read More »German Retail Sales Fell More Than Expected in September
Data on Friday showed that German retail sales fell more than expected in September, dampening hopes that household spending will lead to a strong recovery in Europe’s largest economy in the third quarter after the first wave of the Covid-19 pandemic. The Federal Statistics Office said retail sales fell 2.2% …
Read More »US Retail Sales Rise by 1.9% in September
Retail Sales in the US rose by 1.9% on a monthly basis in September to $549.3 billion, the data published by the US Census Bureau showed on Friday. This reading followed August’s increase of 0.6% and came in better than the market expectation of 0.7%. “Nonstore retailers were up 23.8%from …
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