Economy

Brazil Retail Sales Grow For Third Month

Brazil Retail Sales Grow For Third Month

Strong points included the 1.2 percent jump in sales of autos and building materials.

As per the forecast by economists, the retail sales have increased by 0.4% in the month of July.

Retail sales volumes sped ahead by 0.6% on the month in July to reach $478.9bn, according to the Department of Commerce, following an upwardly revised gain of 0.3% in the month before.

Central Intelligence Agency chief: Not surprising if North Korea tests missile again
Satellite images have captured North Korea moving missiles into position, as tensions rise over a possible strike on Guam . The South Koreans raised doubt that North Korea may soon be capable of launching a nuclear missile at the U.S.

Compared to a year ago, broad retail sales increased 4.4 percent after a 4.9 percent growth in May and a 0.5 percent decline in April.

Closely watched core retail sales, which exclude automobiles, gasoline, building materials and food services, increased by 0.6 percent in July after edging down by 0.1 percent in June.

Sales at electronic stores also fell slightly, but in all likelihood consumers merely shifted purchases to online retailers such as Amazon.

War Threats Have Become Background Noise in South Korea
North Korean planners have announced that they are "carefully examining" a plan for a missile attack on the big US base on Guam . In the event that North Korea does fire any missiles towards Hawaii, the State would only have 20 minutes to respond.

Motor vehicle sales climbed 1.2 percent in July, the biggest rise since December 2016, after advancing 0.9 percent in June.

Consumer spending is by far the largest source of USA economic activity.

The dollar index, a measure of the greenback against a basket of six other currencies, rose 0.7% to a three-week high of 94.03. The nonstore retailers category led the way with 1.8% M/M and 11.5% Y/Y growth, likely influenced heavily by the Amazon Prime Day event. Prices could decline further as a third report from the Labor Department on Tuesday showed the cost of imported motor vehicles fell in July for the second consecutive month.

Sidharth Malhotra and Alia Bhatt break up finally?
Yes, apparently, a source told DNA , "Sidharth and Alia have split, and unlike previous instances, this time, it seems permanent". However, the duo have never admitted being in a relationship with each other, but that they were dating was no secret.


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