06, Aug, 2020
Prime Day sales burst in July may cause weakness in August retail sales

July

August’s retail sales could be muddied by the negative payback from Amazon Prime Day promotions that sent July sales sharply higher. Friday’s August retail sales report is the last big economic report before the Fed begins its two-day meeting Tuesday. Economists expect a gain of just 0.2%, after a much better than expected […]

New Delhi: Retail sales of automobiles across the country fell by 6% year on year to 1654535 units in July, as consumption demand continues to remain subdued due to the overall slowdown in the economy and lack of credit availability, data released by Federation of Automobile Dealers Associations on Monday showed. Passenger vehicle manufacturers resorted […]