Thursday, 27 February 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Retail Sales Unexpectedly Fall Amid Weak Auto Purchases
Wednesday, 15 May 2019 19:53 WIB | ECONOMY |Retail SalesEkonomi AS

U.S. retail sales unexpectedly declined in April for the second time in three months, weighed down by soft sales of autos and building materials and suggesting consumer spending will remain subdued this quarter.

The value of overall sales declined 0.2% after a 1.7% increase the prior month that was the strongest gain since 2017, according to Commerce Department figures released Wednesday. That compared with the median forecast in Bloomberg™s survey calling for a 0.2% rise.

Sales in the ``control group'' subset, which some analysts view as a cleaner gauge of underlying consumer demand, were unchanged from the prior month, below projections for a 0.3% gain. The measure excludes food services, car dealers, building-materials stores and gasoline stations.

Source : Bloomberg

RELATED NEWS
U.S. Consumer Confidence Edges Up to Six-Month High on Outlook...
Tuesday, 25 February 2020 22:17 WIB

U.S. consumer confidence edged up to the best level in six months on an improvement in expectations, signaling that solid employment and cheap fuel are helping Americans look past concerns about the s...

German Business Morale Rises in February, Unfazed by Coronavirus - Ifo...
Monday, 24 February 2020 16:38 WIB

German business morale rose unexpectedly in February, a survey showed on Monday, easing recession fears in Europe™s largest economy which has been losing momentum as its manufacturers struggle with ...

U.S. Business Gauge Posts First Contraction Since 2013 on Virus...
Friday, 21 February 2020 21:54 WIB

U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders, a warning sign that the outbreak is star...

U.K. Economy Is Picking Up Despite Coronavirus Concerns...
Friday, 21 February 2020 16:42 WIB

The U.K. economy continued a run of better-than-expected growth in February, more evidence of a rebound after fourth-quarter stagnation. While the expansion continued apace, there were also signs of ...

German Economy Faces Coronavirus Hit as Export Orders Sink...
Friday, 21 February 2020 15:45 WIB

Germany's economy is facing renewed pressure from beyond its borders as export orders plunge and manufacturers worry about the impact of the coronavirus outbreak on their supply chains. The latest pu...

LATEST NEWS
Dow Tumbles Into Correction Territory For The First Time In 2 Years

The stock market opened sharply lower Thursday morning, pushing the Dow Jones Industrial Average to its first correction in more than two years as investors around the world continued to flee equities amid the rapid spread of COVID-19, the...

Gold Gains on Virus Spread, Rate Cut Hopes

Gold prices rose on Thursday as the rapid spread of coronavirus outside China fueled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit...

Iran Nuclear Accord Parties Meet to Try to Salvage Deal

The remaining members of the floundering Iran nuclear deal are set to meet in Vienna Wednesday for the first time since Germany, France, and Britain initiated dispute procedures that could reimpose U.N. sanctions on Tehran. The talks come as the...

POPULAR NEWS
Gold futures give back most of their gain from a day earlier
Wednesday, 26 February 2020 01:51 WIB

Gold futures fell nearly 2% on Tuesday, with prices giving back nearly all of what they gained a day earlier. "While economic growth concerns...

Gold futures climb by nearly 2% to highest finish since Feb. 2013
Tuesday, 25 February 2020 01:55 WIB

Gold futures rose nearly 2% on Monday to mark their highest finish since February 2013. Concerns surrounding COVID-19 and expectations for further...

Gold futures finish lower for a second straight session
Thursday, 27 February 2020 01:58 WIB

Gold futures fell on Wednesday for a second straight session, pressured on the heels of some strength in the U.S. dollar, even as concerns over the...

Europe stocks sink on fears coronavirus is spreading in Italy; airlines lead losses
Tuesday, 25 February 2020 00:08 WIB

European stocks closed sharply lower Monday as investors monitored the continuing spread of the coronavirus beyond China. The pan-European Stoxx...