Economic Buzz: Europe new car sales growth slows in April

Europe's new car registrations grew at a slower pace in April amid heightened geopolitical risks, data from the European Automobile Manufacturers' Association, or ACEA, showed Wednesday. New car registrations grew 5.1 percent year-on-year in April, slower than the 12.5 percent increase in March. Italy registered a strong sales growth of 11.6 percent, followed by an 8.4 percent rise in Spain.

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