Tag: rebound

US retail sales in record monthly rebound

Image copyright Getty Images American shoppers returned in force in May, fuelling a record 17.7% monthly gain in retail spending after the lockdown triggered devastating declines in the previous months. The rebound only partially made up for the losses, leaving spending down about 6% year-on-year. And some sectors, such as clothing stores, have seen far steeper declines. Still, the increase… Read more →

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Coronavirus: Scottish business rebound ‘lagging behind’

Image copyright Getty Images Scotland’s private sector recorded one of the deepest slumps in business activity in the UK last month as lockdown restrictions continued to disrupt the economy, according to a report. The RBS Purchasing Managers Index (PMI) for May suggested an improvement in manufacturing and services output from April’s record low. However, Scotland saw the smallest rebound in… Read more →

Coronavirus: ‘Short-lived’ rebound in house hunter demand

Image copyright PA Media Demand from property hunters rebounded as curbs on the sector were lifted in England – but the trend may be short-lived, analysis suggests. Buyer demand rose by 88% in the week estate agents were told they could resume viewings and people could move again, property portal Zoopla said. However, actual sales remained sluggish, and the analysis… Read more →