Monday, 22 July 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Retail sales look strong, with a solid gain in May and upward revision to prior month
Friday, 14 June 2019 19:50 WIB | ECONOMY |Retail SalesEkonomi AS

Reports of the death of the American consumer were greatly exaggerated as the May retail sales data rose at a solid pace and the decline in the prior month was revised to show a gain.

Retail sales increased 0.5% in May, with broad-based gains, the Commerce Department said Friday. Economists polled by MarketWatch had forecast a solid 0.7% gain.

There was a big rise in auto sales, but the even when that was stripped out, retail sales rose 0.5%, the government said.

Almost all categories showed gains in May. The only decline were food and beverage stores, department stores, miscellaneous stores and clothing.

Electronic store sales jumped 1.1% in May. Health and personal care stores also had a strong sales gain.

Auto sales rose 0.7%. They account for about one-fifth of all retail sales. Retail sales excluding autos and gas also rose 0.5%.

Source : MarketWatch

RELATED NEWS
U.K. Retail Sales Unexpectedly Jump, Reversing Two-Month Drop...
Thursday, 18 July 2019 15:48 WIB

U.K. retail sales unexpectedly rose last month, ending a downbeat second quarter on a more positive note. The volume of goods sold in stores and online climbed 1% in June after dropping for...

Australia Employment Steadies in June as Full-Time Jobs Increase...
Thursday, 18 July 2019 08:51 WIB

Australian employment rose 500 in June as a slide in part-time positions countered gains in full-time work. Jobs increase compared with economists™ forecast of a 9,000 gain; the unemploym...

UK CPI steadies at 2.0% y/y in June, meets estimates (GBP unmoved)...
Wednesday, 17 July 2019 15:46 WIB

The UK Consumer Prices Index (CPI) 12-month rate came in at 2.0% in June, when compared to 2.0% booked in May while coming in line with expectations of a 2.0% print, the UK Office for National Statist...

Retail sales pop again in June in good sign for consumer-driven U.S. economy...
Tuesday, 16 July 2019 19:58 WIB

Sales at U.S. retailers rose solidly in June for the fourth month in a row, pointing to a strong rebound in consumer spending in the second quarter that suggests the economy is not as fragile as the F...

UK wages rise by 3.6% 3m y/y in May, beat estimates...
Tuesday, 16 July 2019 16:02 WIB

The Office for National Statistics (ONS) showed on Tuesday, the UK's average weekly earnings, excluding bonuses bettered expectations, arriving at 3.6% 3m y/y in May versus 3.4% last and 3.5% expected...

LATEST NEWS
Nikkei Dips on Fed, Earnings Caution; Asahi Falls After AB InBev Deal

Japanese shares dipped on Monday on diminishing hopes of a large rate cut by the U.S. Federal Reserve and as investors took a cautious stance ahead of a Japanese earnings seasons that starts this week. The Nikkei share average fell 0.28% to...

Global Tensions Mount Over Iran's Seizure of British Oil Tanker

Global tensions continue to mount over Iran's seizure of a British-flagged oil tanker in the Strait of Hormuz, with Britain issuing a stern warning to Tehran and the Islamic Republic maintaining the seizure was a "reciprocal"...

Gold Retreats Further From Six-Year Peak as Deep Rate Cut Views Fade

Gold prices inched lower on Monday, extending losses after the metal hit a six-year peak on Friday, as investors rolled back expectations for a sharp interest rate cut at the end of this month, while tensions in the Middle East limited losses for...

POPULAR NEWS
Gold loses stream after tapping fresh 6-year highs
Saturday, 20 July 2019 02:02 WIB

Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their...

Gold eases after breaching $1,450/oz on rate-cut hopes, Iran tensions
Friday, 19 July 2019 15:17 WIB

Gold eased on Friday as investors locked in profits after the bullion surpassed $1,450 an ounce for the first time in more than six years on dovish...

Gold extends rise, as yellow metal's monster rally persists
Friday, 19 July 2019 19:32 WIB

Gold futures rose on Friday, adding to a push toward fresh six-year highs, amid a backdrop of lower interest rates and monetary-policy easing that...

Hong Kong stocks close week on a high (Review)
Saturday, 20 July 2019 03:31 WIB

Hong Kong shares ended the week on a strong note Friday, jumping more than one percent on hopes for a sharp interest rate cut by the Federal Reserve...