The growth of retail sales in the US by 0.1% in August was the weakest in six months due to a decrease in demand for cars and clothing, the data of the country's Ministry of Trade showed. A month earlier, their growth was registered at 0.7%. Analysts had expected that in August the growth would be 0.4%. Retail sales, not taking into account cars, gasoline and building materials, increased by 0.1% after rising by 0.8% in July. Experts had predicted an increase of 0.4%. If you do not consider only cars, then the sales increased by 0.3%, while economists had expected a rise of 0.5%. In August, the strongest drop in retail clothing sales was registered by 1.7% since February 2017. This is due to the maximum decrease in the price of clothing since 1949. In the past month, 9 of the 13 main categories of retail goods recorded an increase in sales.
China removes restrictions on car purchases to increase sales31.03.2020
Pandemic crisis to hit economic growth in Asia, China, World Bank says26.03.2020
Worldwide smartphone sales drop 14% in February due to COVID-19 contagion25.03.2020
Nike income drops as digital growth covers China sales decline on virus impact