Re­cov­ery still frag­ile

Finweek English Edition - - ECONOMICTRENDS -

TO­TAL VE­HI­CLE SALES con­tin­ued to re­cover in June, pushed up by an in­crease in pas­sen­ger cars, while com­mer­cial ve­hi­cle sales also picked up strongly dur­ing the month. How­ever, the re­bound over the past two months was in­suf­fi­cient to com­pen­sate for the large de­cline in April, with sales in the quar­ter down over the first quar­ter. Pri­vate sec­tor credit de­mand fell in May, re­flect­ing a frag­ile re­cov­ery.

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