Figures published by the Commerce Department today have revealed a better-than-expected 1.4% rise in US retail sales for the month of October. Analysts had expected a rise of 0.9%.
The rise follows a revised 1.5% decline in September, and October’s rise was attributed to an increased demand for cars, despite the Government’s ’cash for clunkers’ [...]
Figures published by the Commerce Department today have revealed a better-than-expected 1.4% rise in US retail sales for the month of October. Analysts had expected a rise of 0.9%.
The rise follows a revised 1.5% decline in September, and October’s rise was attributed to an increased demand for cars, despite the Government’s ’cash for clunkers’ [...]
The finance ministry has reported that Japanese exports were down for the 11th consecutive month in August due to a slump in demand from the global economy.
The world’s no. 2 economy saw exports tumble 36% in August compared with the same month last year to 4.5 trillion yen (£29.9 billion).
Meanwhile, imports fell 41% during the [...]
The US Government’s Car Allowance Rebate System (CARS), branded the “cash for clunkers” scheme has received an additional $2 billion (£1.19 billion) – approved by the US Senate, after an initial $1 billion ran out in just 10 days.
The “cash for clunkers” scheme has been designed to help bring the US economy out of recession [...]