Germany car sales decline in August

Market news

3 September 2013

Germany car sales decline in August

Germany's car registrations were down 5 percent in August from a year ago, data released by the German Association of the Automotive Industry (VDA) showed Tuesday.

New car registrations totaled 214,100 units in August. The report showed that this August had fewer working-day than in the previous year.

Sales for the year-to-date period decreased by 7 percent to 1.97 million.

VDA President Matthias Wissmann emphasized that domestic orders continued its uptrend despite an overall decrease in registrations. Demand from domestic markets gained 2 percent in August.

U.S. construction spending rises 0.6% in July, more than expected

European stocks closed in minus: FTSE 100 6,468.41 -37.78 -0.58%, CAC 40 3,974.07 -31.94 -0.80%, DAX 8,180.71 -63.16 -0.77%

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