Canadian Consumer Spending Decline
Canadian consumers seem to have tightened their wallets after a surge in retail purchases during the holiday season, highlighting the pressure on household budgets from high interest rates. Sales Decline…
Black Friday: A Shopper’s Delight
It's that time of the year again, and one of the most awaited days for shoppers is finally here - Black Friday. According to experts, retail sales are expected to…
Resilience of Canadian Consumers Faces Challenges
The resilience of Canadian consumers has been put to the test as the first half of the year came to a close. This suggests that consumption is no longer driving…
Retail Sales Reflect Shifting Consumer Habits in the US Economy
Introduction The latest numbers on retail sales in the United States indicate a modest increase of 0.2% in June. This growth signifies a changing trend in consumer spending patterns and…
Euro Area and EU Posts a 1.3% Decline in Retail Sales in April 2022
(Eurostat) Retail sales in the euro area and EU declined by 1.3% in April, compared to increases of 0.3% and 0.6%, respectively, in March. In the euro area, retail trade…
UK Retail Sales Jumps 1.4% in April After Previous Month Declines
(ONS) The volume of retail sales in the UK increased by 1.4% in April, escaping the decline of 1.2% posted the previous month. Food stores saw sales rise by 2.8%…
US Retail Sales Increase by 0.9% in April on Rising Costs
(Census Bureau) The US posted total retail and food services sales of $677.7 billion in April, up 0.9% from the previous month. The increase in retail sales was marginally lower…
China Retail Sales Falls the Most in 2 Years in April
(NBS) China’s retail sales plunged 11.1% from the prior, marking its biggest drop since March 2020, as Covid-19 lockdowns halted the activity. Most other parameters also went lower in April,…
UK Retail Sales’ Weakness Continues ith a 1.4% Fall in March
(ONS) The UK recorded a 1.4% fall in retail sales volumes in March, accelerating from a decline of 0.5% the previous month. The largest contributor to the March decline in…
China’s GDP Grows by 4.8% in Q1, Exceeding Estimates, and Unemployment Hits a Record
(NBS) China’s economy grew by 4.8% in the first quarter from the prior year, surpassing estimates of 4.4% gain despite Covid-19 slowdowns. Most economic parameters beat estimates in the first…
UK Retail Sales Makes a Comeback, Jumps by 1.9% In January
(ONS) Retail sales volumes in the UK were up 1.9% in January 2022, erasing some losses after a 4.0% decline in December. Sales at non-food stores improved by 3.4% in…
UK Retail Sales Fall by 3.7% in December as Omicron Dampens Activity
(ONS) The UK posted a 3.7% decline in retail sales volume in December 2021, with some retailers citing the impacts of the Omicron variant. The fall in retail sales in…