Analysts predict a strong surge in U.S. car sales for the month of November, despite a slight decrease in transaction prices. According to Deutsche Bank, the seasonally adjusted annual rate is estimated to reach around 15.5 million vehicles, solidly surpassing last year's figure of 14.4 million. This reflects an impressive 8% increase in year-on-year sales, driven by a 7% rise … [Read more...] about U.S. Carmakers Anticipate Robust November Sales
Retail Sales
Consumer Companies Experience Growth in Retail-Sales
Consumer companies are seeing a positive shift in sales, thanks to a surprisingly robust retail-sales performance. In September, sales at stores, online platforms, and restaurants experienced a stronger-than-expected 0.7% increase compared to the previous month. Consumer-Spending Trends Reveal Potential Problems Ahead While the recent sales figures are encouraging, there are … [Read more...] about Consumer Companies Experience Growth in Retail-Sales
Slowing Consumer Spending Raises Concerns
Economists are closely watching as consumer spending may have slowed down in August, following a stronger-than-expected performance in July. According to estimates from FactSet, retail sales are projected to have increased by only 0.1% in August compared to the previous month. This marks a significant deceleration from July's growth of 0.7%. The deceleration in retail sales … [Read more...] about Slowing Consumer Spending Raises Concerns
Makers of Discretionary Consumer Goods Poised for Success
Retail sales experienced a notable increase of 3.2% in July compared to the previous year, surpassing June's growth rate of 1.2%. This surge indicates a positive trend in consumer spending, defying the Federal Reserve's efforts to curb demand for goods and services. Economists believe this trend will continue as the Federal Reserve nears the end of its endeavor to combat … [Read more...] about Makers of Discretionary Consumer Goods Poised for Success
Stocks in Toronto Reach Higher
By Adriano Marchese Toronto, Canada - Stocks in Toronto saw significant gains on Wednesday, with various sectors performing well. Retail sales in the country showed a slight increase for the second consecutive month in June, largely due to strong performance in the car dealership industry. While some sectors experienced slower growth, such as energy, others like tech and … [Read more...] about Stocks in Toronto Reach Higher
