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International
Eurozone Monthly Retail Sales Down 0.4% in April
The euro area's retail sales fell 0.4% month over month in April, following a revised 0.8% increase in March, according to Eurostat data published Thursday.Analysts expected a 0.3% drop for the month.On a yearly basis, the eurozone's retail sales were 1% higher, against the revised 2.1% rise earlier and the expected 0.3% gain.
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International
S&P: UK's Construction PMI Weakens Further in May
Britain's construction sector activity continued to decline in May and at a pace that was the fastest in six years, owing to fewer orders and rising economic uncertainty, S&P Global said Thursday.The S&P Global UK Construction PMI came in at 38.2, lower than 39.7 in the previous month and the consensus estimate of 40.2. The reading marks the index's 17th successive month below the 50 no-change threshold, marking sustained contraction.
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International
SMMT: UK's New Car Sales Up 7.1% in May
The UK's new car registrations climbed 7.1% year over year to 160,662 units in May, according to data from the Society of Motor Manufacturers and Traders published Thursday.SMMT said the latest reading reflects the best recorded for the month since 2019 due to the resurgence of private buyers, though it remains 12.6% behind pre-pandemic levels.For the five months to May, new car sales in Britain totaled 924,763 units, up 8.7% annually.
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