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US retail sales creep higher in June WASHINGTON: US retail sales rose only slightly in June on weaker sales in automobiles and building materials, the government said Tuesday, in a report that still showed momentum in consumer spending.Retail and food services sales rose 0.2 percent in June, and sales excluding autos were up 0.4 percent, the Commerce Department said.The department upwardly revised its May numbers, to a 0.5 percent increase from the prior estimate of 0.3 percent. Ex-auto sales were revised up to 0.4 percent from 0.1 percent.Retail sales are a key element of consumer spending, which accounts for about two-thirds of US economic activity.The report came in below analysts' expectations of a 0.7 percent gain in retail sales and a 0.6 percent rise in ex-auto retail sales.Auto sales fell 0.3 percent in June. Building material and garden supply retailers saw sales drop 1.0 percent.Retail trade sales rose 0.3 percent and sales at non-store retailers, generally online ...

Turkish budget deficit 3.4bn lira in first half ANKARA: The Turkish budget showed a deficit of 613 million lira ($290 million) in June, bringing the deficit for the first half of the year to 3.4 billion lira, the finance ministry said on Tuesday.The budget primary surplus, which excludes interest payments on debt, stood at 0.96 billion lira in June and at 23.1 billion lira for the first six months as a whole, the ministry said.Copyright Reuters, 2014 ...
UK inflation takes a surprise jump in June LONDON: British inflation unexpectedly surged to a five-month high last month and house prices continued to accelerate, prompting financial markets to increase bets on an early Bank of England rate rise.Consumer prices rose 1.9 percent on the year in June, the Office for National Statistics said. Economists taking part in a Reuters poll had expected inflation to rise to just 1.6 percent from 1.5 percent, a four and a half year low, in May.Separate data ...
Vietnam's June trade deficit was $51.5mn HANOI: Vietnam posted a trade deficit of $51.5 million in June, compared with an initial government estimate of a deficit of $200 million, Vietnam Customs said on Tuesday.Exports in June were $12,378.4 million, down 0.2 percent from the previous month, while imports fell 2.7 percent from May to $12,429.9 million, the Customs Department, which is part of the Finance Ministry, said on its website .In June 2013, Vietnam had a trade deficit of $287 million, ...
German investor sentiment falls in July: ZEW FRANKFURT: Investment sentiment in Germany fell for the seventh month in a row in July amid signs that Europe's top economy is experiencing a dent in economic activity, a survey found on Tuesday.The widely watched investor confidence index calculated by the ZEW economic institute fell by 2.7 points to 27.1 points in July, it said in a statement.Copyright AFP (Agence France-Presse), 2014 ...
British annual inflation accelerates to 1.9pc: official data LONDON: Britain's 12-month inflation accelerated in June, driven by the rising cost of clothes, food, non-alcoholic drinks and air transport, official data showed on Tuesday.The Consumer Prices Index (CPI) inflation measure climbed to 1.9 percent, after reaching a 4.5-year low of 1.5 percent in May, the Office for National Statistics (ONS) said in a statement.The June reading outpaced market expectations of 1.6 percent, according to analysts polled by Dow Jones Newswires.The rate has now been ...
Turkey's unemployment rate falls ISLAMABAD: The number of people out of work in Turkey has fallen by 168,000 in April to 2.57 million, the same level as at the end of last year, official figures show.The unemployment rate now stands at 9 percent of the adult working population, the country's statistics agency, TurkStat, said Tuesday, Anadolu news agency reported.The news comes as inflation was recorded to have fallen to 9.16 percent in June -- fifty points less than the ...


Index Closing Chg%
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