Wednesday April 1, 2020

Car sales holding up US retail figures

Demand in eight of 12 categories weaker in July

12th August, 2016
Cars prevent a drop in US retail sales. Pic Pixabay

Sales at US retailers were little changed in July as Americans flocked to car dealers at the expense of other sectors.

The stalling of purchases followed a 0.8 per cent gain in June that was stronger than initially estimated, Commerce Department figures showed. The median forecast in a Bloomberg survey called for a 0.4 per cent rise in July. Excluding cars, sales retreated 0.3 per cent, the most since the start of the year.

Improving car sales drained...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago