August 14, 2026
United States:
US Retail Sales Fall Most Since May 2025 After Solid Demand Run
US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers.
The value of retail purchases, which isn’t adjusted for inflation, decreased 0.6%, the most since May 2025, according to data published Friday by the Census Bureau. Excluding autos and gasoline, sales fell 0.2%.
Europe:
German Autos Workforce Shrinks to Smallest in More Than 20 Years
Germany’s domestic car-industry workforce has dwindled to the smallest in more than two decades, as manufacturers cut costs amid growing competition from Chinese rivals.
In the year through June, the German auto industry lost more jobs than any other manufacturing category, the Federal Statistics Office reported Friday.
Asia:
China’s Record Loan Slump Extends to Another Month With New Drop
A measure of new loans in China contracted by a fresh record, with government bonds failing to lift up overall credit expansion as weakening confidence by households and businesses prompts them to shun debt.
Borrowers net repaid 590 billion yuan ($87.5 billion) worth of local-currency loans extended to the real economy, the most in data going back to 2002, according to data released by the People’s Bank of China on Friday.
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