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In May, European car sales went up 7.7% from the same month last year, as industry data revealed on Friday, getting back to surge after a sag in April and with almost all car manufacturers recording sales leaps.
The previous month new passenger car registrations in the EU as well as European Free Trade Association soared to 1.43 million cars, as the Brussels-based Association of European Carmakers informed.
The given outcome is close to May 2007 level, before the economic meltdown hit the car industry.
European car sales got back to annual surge in 2014 after a six-year tumble during which registrations declined to their lowest value in decades. Apparently, demand has been ascending most months as an improvement in retail incentives, consumer confidence and new product launches lured clients back to the showrooms.
The May soar emerged after registrations had slumped last month, considering fewer trading days around Easter and a double-digit sales dip in the UK.
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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