EU new car sales flat in July as battery-electric slumps, industry body ACEA says

- New car sales in the European Union rose 0.2% in July, slowed by declines in France and Germany, while battery-electric vehicles continued to lose market share, data from Europe's auto industry body showed on Thursday.

But sales of battery electric and plug-in cars fell by 10.8% and 14.1% respectively, while those of hybrid-electric cars jumped 25.7%. Stellantis, which saw the biggest drop in sales among EU carmakers, had reported a bigger than expected fall in revenue and operating profit for the first half, also due to internal operational issues.Donald Trump is scheduled to campaign Thursday in Michigan and Wisconsin as the former president ramps up battleground state travel heading into the traditional Labor Day turn toward the fall election.

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Canada’s services economy contracted further in July as activity, new business declinedElevated wage costs contributed to increased inflationary pressures in the month, S&P Global Canada services PMI data showed on Tuesday
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