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Added on the 28/05/2015 09:47:54 - Copyright : Reuters EN
Retail sales in Japan unexpectedly fell in September on an annual basis but rebounded for the quarter, putting the BOJ between a rock and a hard place before they meet this week. Meg Teckman reports.
Ending a six-month run of spiraling demand, sales of existing homes in the US contracted in November. It's being read as a signal that rising prices and historically low supply is finally slowing the housing market's rally. According to Business Insider, the National Association of Realtors says home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million. The median price for existing homes fell to a six-month low as well, dipping month-over-month to $310,800 from $313,100. Even so, the pace is still up 25.8% from the year-ago period.
Business Insider reports that US retail sales in September increased by nearly 2%, landing above the average economist estimate of 0.8%. This is the fifth straight month of improvement, as the economy continues to reaccelerate after covid caused slowing through the summer. Consumer spending makes up 70% of the U.S. economy. Retail spending is among the economic indicators being closely watched to signal economic recovery health. But, September's initial leap is now slowing to a crawl. As fiscal relief programs expired and direct payments dried up, the pace of retail spending growth has slowed.
Singapore, Aug 5 (EFE/EPA).- Singapore retail sales declined at a slower pace of 27.8 per cent year-on-year in June as the businesses resumed operations after partial reopening of the economy. (Camera: HOW HWEE YOUNG). SHOT LIST: B-ROLL OF BUSINESSES AND SHOPPING MALLS ON ORCHARD ROAD IN SINGAPORE.
Americans bought more gardening and sporting goods equipment, helping boost retail sales. As Fred Katayama reports, it's another sign the economy has picked up speed.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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