Menu
Sister Sites

  • Retail trade, July 2023

    From statcan.gc.ca

    Retail sales increased 0.1% to $65.9 billion in June. Sales increased in three of nine subsectors and were led by increases at motor vehicle and parts dealers (+2.5%). Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—were down 0.9% in June. In volume terms, retail sales edged down 0.2% in June. Retail sales were unchanged in the second quarter, while in volume terms, retail sales declined 0.8% in the second quarter. Sales at motor vehicle and parts dealers (+2.5%) were up on the strength of higher sales at new car dealers (+2.9%) in June, their third ... (full story)

  • New Comment
  •  Guest
  • | IP X.XXX.221.90
Join FF
    •   Newer Stories
    Has the import price shock been worse in the UK or euro area?

    From bankunderground.co.uk|Sep 22, 2023

    How much have higher import prices increased consumer prices in the UK and euro area? This post explores this question using a framework grounded in some fundamental economic and ...

    Cook: Generative AI, Productivity, the Labor Market, and Choice Behavior

    From federalreserve.gov|Sep 22, 2023

    As I was in 2018, I am excited to speak to you at the National Bureau of Economic Research (NBER) artificial intelligence (AI) conference, in a city that is a world-class center ...

    ECB's de Cos: We certainly can't rule out cuts. I do not want to and cannot confirm them either;...

    From @DailyFXTeam|Sep 22, 2023|1 comment

    tweet: ECB's de Cos: -We certainly can't rule out cuts. I do not want to and cannot confirm them either -Underlying inflation is now easing, so we seem to have finally turned corner -interest rate level if maintained for sufficiently long is broadly consistent with achieving targetde Cos: “It is quite normal if we do not always agree on everything” BZ: Mr Hernandez de Cos, the European Central Bank (ECB) is in a dilemma with excess inflation and increasing economic risks. What worries you more at the moment - sticky inflation or a rapid economic deterioration? Let me explain how we see the outlook. The euro area economy broadly stagnated in the first half of this year and has remained weak in the third quarter. In the coming quarters, we are likely to see low growth. This more negative short-term outlook is the main reason behind the ECB experts lowering their projections, and they now expect cumulative growth for the period 2023-2025 to be 1% lower. This is a significant downward revision. And the risks to this projection are tilted to the downside. But the baseline scenario is not a dramatic one, and they do not foresee a recession. As regards inflation, the staff projections for 2023 and 2024 have b

  • Story Stats

  • Related Stories