Retail Sales Figures

Economists expect June retail sales growth to be the strongest since January. Economists expect June retail sales growth to be the strongest since January. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish…

E-commerce’s share of retail sales shot higher when the pandemic hit, and is still elevated. E-commerce’s share of retail sales shot higher when the pandemic hit, and is still elevated. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content…

A Commerce Department report will gauge sales at restaurants, stores and online in an economy with a strong labor market, easing inflation and rising interest rates. A Commerce Department report will gauge sales at restaurants, stores and online in an economy with a strong labor market, easing inflation and rising interest rates. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to…

China’s youth unemployment rate rose above 20% for the first time since Beijing began tracking the data five years ago. China’s youth unemployment rate rose above 20% for the first time since Beijing began tracking the data five years ago. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials…

HONG KONG—For years, economists have warned that China’s economy suffered from an imbalance that made its rapid growth unsustainable. The country was too reliant on investments and didn’t have enough consumer spending. On Tuesday, China reported numbers that showed consumer spending was playing a stronger-than-expected role in driving its recovery after the country lifted its stringent zero-Covid measures. The big question is whether it will last. HONG KONG—For years, economists have…

SINGAPORE—China’s economy rebounded in the first three months of the year after Beijing dismantled its heavy-handed Covid-19 controls, teeing up a revival in growth that is expected to buoy the global economy as the U.S. and European economies slow. China’s economy expanded 4.5% in the first quarter of the year compared with the same three months a year earlier, China’s National Bureau of Statistics said Tuesday, a better performance than the 4.0% pace expected by economists polled by The Wall Street…

A report on U.S. retail sales will gauge consumers’ willingness to spend at stores, restaurants and online in March, amid turmoil in the banking sector, rising interest rates and easing hiring.  Households pulled back on retail shopping and dining out in February after spending strongly in a warmer-than-usual January. Consumers benefited recently from lower gasoline prices and a broad cooling in inflation. Prices rose at the slowest rate in nearly two years in March. But underlying cost pressures,…

A report on February retail sales will show whether Americans pulled back on spending after a strong start to the year, aided by unseasonably warm weather and a strong labor market.  U.S. consumers have shown surprising vigor in early 2023, after their spending weakened late last year. Retail sales, a measure of spending at stores, online and in restaurants, rose by a seasonally adjusted 3% in January, the Commerce Department said. That was the largest monthly gain in nearly two years…

HONG KONG—China’s passenger car retail sales shrank almost 20% in the first two months of this year, underscoring the challenges facing manufacturers in the world’s largest but long-stuttering auto market. The nation’s auto makers sold 2.7 million passenger cars in January and February combined, according to the China Passenger Car Association, down from 3.3 million a year earlier. The association partly attributed the drop to the ending of tax cuts on autos that boosted sales during the…

Monday China’s National Bureau of Statistics releases fourth-quarter gross domestic product figures, along with December data on industrial production and fixed-asset investment, a measure of infrastructure and equipment investing. China’s economy grew by 3.9% in the three months ended Sept. 30 from a year earlier, as it rebounded from crippling Covid lockdowns earlier in the year. Tuesday The Bank of Japan announces its latest…