Retail Sales

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Germany’s Retail Sales Fall 2.4% in March, Disappointing Analyst Expectations

Germany’s Federal Statistical Office (FSO) announced on Monday (May 2) that retail sales in the country had dropped 2.4% in March compared to the previous month, falling short of analyst expectations. This was accompanied by a larger decline of 8.6% in retail sales when compared to March of the previous year. This disappointing news came […]

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South Korean Retail Sales in March Increase 6.4% in Response to Demand for Clothing and Sports Equipment

According to the South Korean Ministry of Trade, Industry, and Energy, retail sales in March showed a significant increase of 6.4% compared to the same period last year, driven by the rising demand for clothing and sports equipment in the spring season. Major online and offline retailers experienced growth in revenue, indicating a positive trend

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UK Retail Sales in March Beat Expectations Despite High Inflation and Bad Weather

The Office for National Statistics (ONS) released data on UK retail sales for the month of March, which showed a decrease of 0.9% from the previous month. Although the decline was higher than expected, economists attribute it to bad weather and high inflation, which deterred consumers from making purchases. The ONS director of economic statistics

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China’s Retail Sales and Industrial Production Shine in March, Strongest Q1 2023 GDP in a Year

China’s industrial production in March rose by 3.9 percent year on year, according to the National Bureau of Statistics (NBS), surpassing the growth rate of 2.4 percent recorded in the January-February period. Although slightly below analysts’ expectations of a 4 percent increase, the March data indicated a positive momentum in China’s manufacturing sector. In addition,

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US Retail Sales Plummet 1% in March, Exceeding Expectations

US retail sales in March experienced a steeper decline than anticipated, indicating a potential slowdown in the country’s economy during the first quarter of the year. This decline was largely attributed to reduced purchases of cars and large items by consumers, likely influenced by higher interest rates. According to the US Commerce Department, retail sales

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US Retail Sales Fall More Than Expected in March, Raising Concerns About Economic Growth

U.S. retail sales dropped by 1.0% in March, a steeper decline than the 0.4% that economists had predicted, according to the Commerce Department. The decline in retail sales was largely attributed to consumers cutting back on purchases of motor vehicles and other big items as interest rates rise, and with the labor market cooling, retail

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Gold Prices Tumble as Strong US Dollar and Weak Retail Sales Weigh on Market Sentiment

On April 14th, 2023, gold prices fell by 1.75% to $2004.80 per ounce, driven by the rise of the US dollar index, which increased by 0.42% to 101.123, and the corresponding rise in US treasury yields. The stronger US dollar made gold a less attractive investment option for investors seeking a safe-haven asset, while rising

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US Retail Sales Expected to Slow Down This Year Amid Concerns of Bank Crisis and Economic Recession

The National Retail Federation (NRF) has predicted that retail sales in the United States are likely to experience a slowdown this year due to concerns about the economic recession and fears of a crisis in the banking sector. The NRF estimates that retail sales will grow by 4-6 percent to reach $5.13-5.23 trillion, which is

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