Business News Asia
According to a report from the Office of National Statistics (ONS), inflation-hit British consumers unexpectedly cut their spending in December, quelling hopes that Christmas spending would boost the country’s retail sector. The ONS reported that British retail sales fell 1%…
In a recent report, China’s National Bureau of Statistics (NBS) shared some promising news about the country’s economy. Despite the ongoing challenges posed by the COVID-19 pandemic, China’s retail sales have shown signs of improvement. According to the NBS, December’s…
The Australian Bureau of Statistics (ABS) reported that consumer spending surged in November 2022 as Black Friday and online sales celebrations boosted sales of clothing, electronics and furniture. This suggests that the recovery in consumption will be a catalyst for…
The German government announced today (January 6) that German retail sales rose by 1.1% in November compared with the previous month. Retail sales figures for November were in line with analysts’ expectations, who had expected an increase of 1.0%.
According to the Japanese government, retail sales in Japan rose year-on-year for the ninth consecutive month in November. However, retail sales declined in November compared with October as rising prices for everyday goods impacted Japanese households. Core inflation rose to…
MasterCard released the Mastercard SpendingPulse Report, which said retail sales in the U.S. increased 7.6% during the holiday season from Nov. 1 to Dec. 24 this year, more than the expected gains of 7.1%, driven by retailers looking to lure…
The Confederation of British Industry (CBI) announced that its distributive trade survey index rose to +11 in December, beating analysts’ expectations for a decline to -23 from -19 in November. The survey is designed to measure the health of the…
According to the U.S. Department of Commerce, retail sales fell 0.6% in November, the largest decline in 11 months. Analysts had expected a 0.1% decline, following a 1.3% increase in October. Retail sales have been affected by inflation, which has…
Chinese authorities released weaker-than-expected economic data today (Dec. 15) due to the tightening of measures to curb COVID-19, which has affected a wide range of economic activities. China’s National Bureau of Statistics (NBS) reported a 5.9% year-on-year decline in retail…
Retail sales in Singapore rose 10.4% year-on-year in October, following an 11.3% increase in September. Month-on-month, they rose 0.1%, following a 3.2% increase in September. Total retail sales for the month were an estimated S$4 billion, with online sales accounting…
