Sales of cell phones in the U.S. declined during the first quarter (January- March) of 2008, as the maturing market was hit by a slowing U.S. economy.
U.S. purchases of new cell phones declined in the first quarter (January- March, 2008) for the first time in several years, signaling that worries about an economic slowdown are hurting the handset market, according to two new studies, reports The Wall Street Journal.
Nearly 31 million handsets were sold in the U.S. during the first quarter of this year (2008), down 22 % from the same period a year ago, according to the NPD Group. Sales of mobile handsets generated USD 2.7 billion, down from USD 2.9 billion for the same period a year ago (2007), reports Cnet News.com.
The main reason for decline in mobile handset sale is a slowing economy and a maturing U.S. wireless market. Due to the maturing U.S. wireless market, in which more than eight in 10 Americans owning a cell phone, demand is dropping.
Also some factors like due to wider adoption of post-paid cellular plans and high end mobile phone sales has dropped the sales of pre-paid and basic cell phones, which in turn is reshaping the overall U.S. mobile handset market.
Some other important factors like growth in the sales of mobile handset are slowing down in the low income group and children and keeping the sales dry.
Ian Shepherdson, chief US economist for High Frequency Economics, said: “Mobile phones are, on the whole, a discretionary spend item. None of us really need to upgrade to a better model. The outlook for retail sales in the US is horrible. We expect it to be extraordinarily weak for the foreseeable future, and by that I mean definitely this year and probably next. We have not hit the bottom yet.” reports Times Online.
According to research analyst at Arth Business Research, “As the U.S. is facing an economic slowdown and at the same time mobile handset market is maturing with most of the people owns a handset is expected force the mobile handset market in U.S. to go slow further. Also declining demand from low income group and children who are the key motivator for the mobile handset market is expected to push the sales further.”
For more articles, blogs, company analysis, company profile, industry research reports plz contact at mr.jayantkumar@gmail.com
Tuesday, May 20, 2008
Wednesday, May 14, 2008
Consumer Goods Demand Pushed China Retail Sales Up 22.0% in April
China's retail sales rose in April 2008 at the fastest pace since at least 1999, signaling that strong domestic consumption may help offset weak overseas demand.
China's retail sales of consumer goods in April 2008 rose 22.0 % year on year to 814.2 billion Yuan (USD 116.3 billion), the National Bureau of Statistics (NBS) said on Tuesday.
That brings China's retail sales of consumer goods in the first four months of this year (2008) to 3.3697 trillion Yuan, up 21.0 %, compared with 20.6 % growth rate recorded in the first quarter of this year, reports China Daily.
Retail sales of consumer goods in April in urban areas were up 22.9 % to 555.9 billion Yuan, while the retail sales of consumer goods at county level or below totaled 258.3 billion Yuan, up 20.1 %.
Rising inflation is the main reason which not only forced consumers to pay more for daily necessities, but also seemed to encourage spending on durable and luxury goods. Sales of consumer goods like garments, home appliances, furniture and recreational goods picked up due to inflation worries and hence pushed the retail sales to increase.
"With inflation at a decade-high level, it is not surprising to see nominal retail sales reaching a decade-high as well," Goldman Sachs' economists Song Yu and Liang Hong said in a research note, reports People’s Daily Online.
A heavy buying in foodstuff and beverages, grain and edible oil also helped the retail sales of china to rise amid rising food price inflation.
According to research analyst at Arth business Research, “As the demand for food prices is rising continuously with a greater pace than the supply and at the same the oil prices are hitting all time high, it is expected to force people to purchase more goods like garments, home appliances, and other luxury goods on the expectation that the price of these goods will go higher in near future which in turn will push the retail sales up further.”
For more articles, blogs, company analysis, company profile, industry research reports plz contact at mr.jayantkumar@gmail.com
China's retail sales of consumer goods in April 2008 rose 22.0 % year on year to 814.2 billion Yuan (USD 116.3 billion), the National Bureau of Statistics (NBS) said on Tuesday.
That brings China's retail sales of consumer goods in the first four months of this year (2008) to 3.3697 trillion Yuan, up 21.0 %, compared with 20.6 % growth rate recorded in the first quarter of this year, reports China Daily.
Retail sales of consumer goods in April in urban areas were up 22.9 % to 555.9 billion Yuan, while the retail sales of consumer goods at county level or below totaled 258.3 billion Yuan, up 20.1 %.
Rising inflation is the main reason which not only forced consumers to pay more for daily necessities, but also seemed to encourage spending on durable and luxury goods. Sales of consumer goods like garments, home appliances, furniture and recreational goods picked up due to inflation worries and hence pushed the retail sales to increase.
"With inflation at a decade-high level, it is not surprising to see nominal retail sales reaching a decade-high as well," Goldman Sachs' economists Song Yu and Liang Hong said in a research note, reports People’s Daily Online.
A heavy buying in foodstuff and beverages, grain and edible oil also helped the retail sales of china to rise amid rising food price inflation.
According to research analyst at Arth business Research, “As the demand for food prices is rising continuously with a greater pace than the supply and at the same the oil prices are hitting all time high, it is expected to force people to purchase more goods like garments, home appliances, and other luxury goods on the expectation that the price of these goods will go higher in near future which in turn will push the retail sales up further.”
For more articles, blogs, company analysis, company profile, industry research reports plz contact at mr.jayantkumar@gmail.com
Saturday, May 10, 2008
US Trade Deficit Narrowed As Import Dropped To a Record Level
US trade deficit shrunk as domestic demand for foreign made goods declined while foreign demand for US products increased due to weaken US dollar.
The US trade deficit shrank more than expected in March 2008 to USD 58.2 billion. The trade gap narrowed from a revised USD 61.7 billion in February 2008. Most economists had predicted that the deficit would narrow to 61.3 billion.
The trade gap shrank 5.7% in March 2008, the Commerce Department reported on Friday, much smaller than expected, reports The Age.
The reason for this record drop in US imports is slowing domestic demand due to inflating US economy is directly supporting the US trade balance in March 2008 despite record high oil prices. Also imports dropped as Americans; due to weak US dollar did not show interest to buy foreign-made cars and trucks, consumer goods, industrial supplies and certain foods among other goods.
The tumbling down dollar value against other world currencies had made US-made goods much more affordable for rest of the world and helped to create a big demand for US product in the international market and made the trade balance to shrink the deficit.
Also US exports which set records in 12 consecutive months helped the US economy afloat during a time of mayhem due to housing slump and spreading liquidity crisis and made the trade deficit to shrank.
"The weaker dollar against the euro, pound and Canadian dollar is boosting exports," said Peter Morici, a business professor at the University of Maryland, reports AFP.
As per the research analyst at Arth Business Research, “With increasing oil prices and inflating US economy the domestic demand for foreign made products are expected remain low by crushing down slightly improving US dollar. Hence with slowing domestic demands and increasing exports is expected to narrow the US trade deficit further.”
The US trade deficit shrank more than expected in March 2008 to USD 58.2 billion. The trade gap narrowed from a revised USD 61.7 billion in February 2008. Most economists had predicted that the deficit would narrow to 61.3 billion.
The trade gap shrank 5.7% in March 2008, the Commerce Department reported on Friday, much smaller than expected, reports The Age.
The reason for this record drop in US imports is slowing domestic demand due to inflating US economy is directly supporting the US trade balance in March 2008 despite record high oil prices. Also imports dropped as Americans; due to weak US dollar did not show interest to buy foreign-made cars and trucks, consumer goods, industrial supplies and certain foods among other goods.
The tumbling down dollar value against other world currencies had made US-made goods much more affordable for rest of the world and helped to create a big demand for US product in the international market and made the trade balance to shrink the deficit.
Also US exports which set records in 12 consecutive months helped the US economy afloat during a time of mayhem due to housing slump and spreading liquidity crisis and made the trade deficit to shrank.
"The weaker dollar against the euro, pound and Canadian dollar is boosting exports," said Peter Morici, a business professor at the University of Maryland, reports AFP.
As per the research analyst at Arth Business Research, “With increasing oil prices and inflating US economy the domestic demand for foreign made products are expected remain low by crushing down slightly improving US dollar. Hence with slowing domestic demands and increasing exports is expected to narrow the US trade deficit further.”
For more articles, blogs, company analysis, company profile, industry research reports plz contact at mr.jayantkumar@gmail.com
Tuesday, May 6, 2008
Australian Trade Deficit Narrows as Export Rebound
Australia's trade deficit narrowed in March as exports jumped, stoking an economic expansion in its 17th year.
The seasonally adjusted balance on trade in goods and services narrowed to a deficit of AD 2.7 billion in March 2008 from a revised deficit of AD 3.3 billion in February 2008, the Australian Bureau of Statistics said today, reports The Australian.
Imports rose by 1.0 per cent and exports climbed 4 per cent to produce the narrower-than-expected deficit in March. Analysts had expected a deficit of AD 2.9 billion. However, imports of household electrical items were 7 per cent lower while textiles, clothing and footwear imports eased 3 per cent in March from February.
The reason behind improvement in trade balance is an upward movement in coal, metal and mineral export. Coal export soared as flood ravaged areas in central Queensland were able to resume coal production following heavy rainfall. Wheat and rural export which include cereal and meat also helped the overall export to rise.
Increased demand of Australian products from Asian countries like Japan and china is one among the reasons for improvement in Australian trade balance. At the same time slowing domestic demand is resulting in a slowdown in import growth and hence improving the trade balance for the country.
UBS senior economist Adam Carr said rising global demand for commodities could eventually lead to a trade surplus. "With domestic demand slowing, import growth will slow and given those bulk commodity price gains, we would be very surprised if exports value dosen’t continues to grow at a strong clip," he said, reports The West.
According to research analyst at Arth Business Research, “Improvement in coal and wheat production due to good rainfall and at the same time increasing demand from Asian countries is expected to improve the export level in the coming months of the year (2008). Also lowering domestic demand is expected to decrease the growth rate for imports which are expected improve the trade balance of the country for this year (2008).”
The seasonally adjusted balance on trade in goods and services narrowed to a deficit of AD 2.7 billion in March 2008 from a revised deficit of AD 3.3 billion in February 2008, the Australian Bureau of Statistics said today, reports The Australian.
Imports rose by 1.0 per cent and exports climbed 4 per cent to produce the narrower-than-expected deficit in March. Analysts had expected a deficit of AD 2.9 billion. However, imports of household electrical items were 7 per cent lower while textiles, clothing and footwear imports eased 3 per cent in March from February.
The reason behind improvement in trade balance is an upward movement in coal, metal and mineral export. Coal export soared as flood ravaged areas in central Queensland were able to resume coal production following heavy rainfall. Wheat and rural export which include cereal and meat also helped the overall export to rise.
Increased demand of Australian products from Asian countries like Japan and china is one among the reasons for improvement in Australian trade balance. At the same time slowing domestic demand is resulting in a slowdown in import growth and hence improving the trade balance for the country.
UBS senior economist Adam Carr said rising global demand for commodities could eventually lead to a trade surplus. "With domestic demand slowing, import growth will slow and given those bulk commodity price gains, we would be very surprised if exports value dosen’t continues to grow at a strong clip," he said, reports The West.
According to research analyst at Arth Business Research, “Improvement in coal and wheat production due to good rainfall and at the same time increasing demand from Asian countries is expected to improve the export level in the coming months of the year (2008). Also lowering domestic demand is expected to decrease the growth rate for imports which are expected improve the trade balance of the country for this year (2008).”
For more articles, blogs, company analysis, company profile, industry research reports plz contact at mr.jayantkumar@gmail.com
Friday, May 2, 2008
American Automobile Sales Slump to Reach the Lowest Annual Rate in the Past 10 Years
Passenger car sales outpaced the SUV and trucks but this is not enough to stop the decline in American vehicle sales.
Automakers reported higher sales of small cars as oil and gasoline prices climbed to record highs in April 2008, but said Thursday (1 May, 2008) that overall vehicle sales in the United States plunged during the month, reports The New York Times.
Sales decreased 29 percent from April 2007 at Chrysler, 23 percent at General Motors and 19 percent at the Ford Motor Company. Toyota’s sales fell 4.5 percent, and both Honda and Nissan reported 2 percent declines. The numbers are adjusted to account for two more selling days in April this year. Overall, Americans purchased 1.25 million vehicles in April 2008, 110,000 fewer than in April 2007.
Rising prices of gasoline and lowered consumer confidence were key elements that ensured automobile sales in the U.S. for to plunged, reaching the lowest annual rate in the past 10 years.
“We think we’re in the trough of the downturn in the second quarter,” G.M.’s chief sales analyst, Michael C. DiGiovanni, said. “What we did not count on is oil being as high as almost USD 120 a barrel. That’s causing a very sharp shift to cars and crossovers from trucks, and it’s also lowering the overall industry.” reports The New York Times.
Consumers are looking much more interested in buying small car for fuel efficiency, attractive models and low price than SUV and Trucks. But at the same time this increase in small car sales is not enough to cover a steep decline in SUV and trucks, making the over all vehicle sales to go down.
According to analyst at Arth Business Research, “This decline in vehicle sales is expected to continue in the coming months of this year, with oil prices still hovering up and consumer confidence going down. But attractive models from automakers in small car segment with increasing demand are expected to cover the decline at some extent.
For more articles, blogs, company analysis, company profile, industry research reports plz contact at mr.jayantkumar@gmail.com
Automakers reported higher sales of small cars as oil and gasoline prices climbed to record highs in April 2008, but said Thursday (1 May, 2008) that overall vehicle sales in the United States plunged during the month, reports The New York Times.
Sales decreased 29 percent from April 2007 at Chrysler, 23 percent at General Motors and 19 percent at the Ford Motor Company. Toyota’s sales fell 4.5 percent, and both Honda and Nissan reported 2 percent declines. The numbers are adjusted to account for two more selling days in April this year. Overall, Americans purchased 1.25 million vehicles in April 2008, 110,000 fewer than in April 2007.
Rising prices of gasoline and lowered consumer confidence were key elements that ensured automobile sales in the U.S. for to plunged, reaching the lowest annual rate in the past 10 years.
“We think we’re in the trough of the downturn in the second quarter,” G.M.’s chief sales analyst, Michael C. DiGiovanni, said. “What we did not count on is oil being as high as almost USD 120 a barrel. That’s causing a very sharp shift to cars and crossovers from trucks, and it’s also lowering the overall industry.” reports The New York Times.
Consumers are looking much more interested in buying small car for fuel efficiency, attractive models and low price than SUV and Trucks. But at the same time this increase in small car sales is not enough to cover a steep decline in SUV and trucks, making the over all vehicle sales to go down.
According to analyst at Arth Business Research, “This decline in vehicle sales is expected to continue in the coming months of this year, with oil prices still hovering up and consumer confidence going down. But attractive models from automakers in small car segment with increasing demand are expected to cover the decline at some extent.
For more articles, blogs, company analysis, company profile, industry research reports plz contact at mr.jayantkumar@gmail.com
Wockhardt Limited - Company Analysis
Company Analysis made by Arth Business Research to help individual investors, managers and companies in evaluating opportunities, trends, market innovations as well as in selecting appropriate information in order to make effective investment decisions.
The study covers information on the strategy, history, business structure, areas of operation, products and services of the company. It comprises equity analysis, SWOT analysis, Ratios analysis, and financial analysis that aid investors in gaining an insight into the company's performance.
The report is based on extensive research using data available from credible publications, trade journals, industry associations and the company sources.
Report Highlights.
- Provides a detailed analysis of the company's performance
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For Company Analysis Please visit Arth Business Research.
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