US auto sales missed expectations in May

Note: This section contains information in English only.
Source: Reuters
US auto sales rose in May on an annual basis but still missed forecasts amid soft economic recovery. The annual sales in May approached 13.8 million vehicles as compared to expectations of 14.5 million. Honda Motor, Nissan Motor and Ford Motor faced an increase in sales of 48%, 21% and 13%, respectively. The auto sector performance coupled with poor labour market data released on Friday indicated that the US economy still faces challenges on the way towards recovery.


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Mon, 04 Jun 2012 09:39:17 GMT

US stock indices plunged more than 2% on Friday

US stock indices tumbled on Friday as disappointing macroeconomic data both from Europe and China boosted anxiety the global economy is worsening and sent US shares lower. S&P 500 index fell 2.46% or 32.29 points and finished at 1,278.04 experiencing a worst trading day in six months. Dow Jones Industrial Average index lost 2.22% or 274.88 points and closed at 12,118.57, 2.7% down for

Mon, 04 Jun 2012 09:28:18 GMT

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