Shutdown can derail U.S. car sales

Source: Bloomberg
New car sales in the United States may decline as much as 10% in October, while consumers are not confident about perspectives of the U.S. economy amid continuing Shutdown. Such a negative outlook was given by Hyundai Motor Co. At the same time, analysts remind that September sales have already decreased 4.2%, however, American car makers' Ford and Chrysler sales rose during that month.
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Tue, 15 Oct 2013 10:40:04 GMT

Summers: U.S. government should stimulate demand

Lawrence Summers, the former Secretary of U.S. Treasury, said on Monday that the country's government has to support internal demand, pointing out that this sector of U.S. economy is the most important. Demand-increasing policy may decrease unemployment and increase GDP. Moreover, Summers is confident that the largest economy in the world will avoid default on its debt.

Tue, 15 Oct 2013 10:18:03 GMT

Dutch retail sales slumped in August

Retail sales in the Netherlands dropped 0.7% in August of this year from the previous year, while a month earlier the index rose as much as 0.8%. The Central Statistical Bureau data says that non-food products' sales declined 2.1%, but food sales added 2.7%. Moreover, it is worth pointing out that internet stores registered a 6.1% surge in sales, as

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