Trading news

Western Europe's car sales climb 5.7%

Western Europe's car sales for the month of June, as per the LMC Automotive statement today, climbed by 5.7%, on a year-on-year scale, despite the Brexit.

According to the LMC Automotive, amid Britain's decision to exit from the European Union, the demand for U.K cars is expected to slow for 2016, and particularly for the second half.

Western Europe's passenger car sales to 1,393,508 vehicles

The LMC Automotive stated that the passenger car sales for Western Europe climbed to 1,393,508 vehicles in June.

Moreover, the U.K faced a contraction, whereas all the other big car markets were upper, Emiliano Lewis highlighted.

Some indicators of the day

Colombia

The Colombian consumer price inflation rose from 8.20% to 8.60% and did not meet the economists' predictions for appreciation to 8.34%.

Germany

Germany's factory orders stabilized at 0.0% while the economists predicted the rate to appreciate 1.0%.

Spain

The Spanish industrial production declined from 2.7% to 1.0%. The analysts predicted a drop to 1.8%.

United States

The U.S.'s trade balance fell from -37.38B to -41.14B while the analysts predicted a drop to -40.00B.

Canada

The Canadian trade balance climbed from -3.32B to -3.28B. The economists predicted the rate to escalate to -2.70B.

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Wednesday, 06 Jul, 2016 / 1:26

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/western-europe-s-car-sales-climb-5.7

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