Data showed that European car sales rose slightly in September, the first increase this year, indicating a recovery in the auto sector in some European markets, as Coronavirus cases decreased. Statistics from the European Automobile Manufacturers Association (ACEA) in September showed that sales of new cars rose 1.1% Y-o-Y to …
Read More »China’s Auto Sales Post a Jump in September
Car sales in China recorded growth for the sixth consecutive month in September, increasing by 12.8% as the world’s largest car market recovered from low levels recorded in light of the isolation measures related to the Corona virus. September and October are usually considered a peak sales period in the …
Read More »Eurozone Retail Sales Stronger Than expected in August
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 »European New Car Sales Fall by 17.6% in August
Data revealed that new car registrations in Europe decreased in July and August, but not at the same level as the previous months, indicating a slow recovery in the European auto sector, which was severely affected by the Corona pandemic. In July, new car registrations dropped by 3.7% year-on-year to …
Read More »US Retail Sales in August Increase by 0.6%, 1% Expected
Retail Sales in the United States rose by 0.6% on a monthly basis in August to $537.5, the data published by the US Census Bureau revealed on Wednesday. This reading followed July’s increase of 0.9% (revised from 1.2%) and missed the market expectation of 1%.
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 …
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