17, Oct, 2019
Prime Day sales burst in July may cause weakness in August retail sales

Retail

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 […]

Retail sale of passenger vehicles declined for the 11th straight month in July 2019 at 243,183 units, but it was significantly more than the despatch figures released by industry body Society of Indian Automobile Manufacturers at 200,790 units. Not surprisingly, the rate of decline is also starkly different. While wholesale […]

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 […]