Tuesday, 24 April 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. retail sales spring back 0.6% in March after three straight declines
Monday, 16 April 2018 19:50 WIB | UNITED STATES |Retail SalesEkonomi AS

Sales at U.S. retailers rose 0.6% in March to end a streak of three straight declines, underscoring the improved financial picture of U.S. households and the resiliency of an economic expansion that could turn out to be the longest ever.

Economists polled by MarketWatch had forecast a 0.4% increase in sales. An Easter holiday that fell on the last weekend of the month helped to drive more traffic into stores.

Sales rose a smaller 0.3% last month if autos and gas are stripped out, the Commerce Department said Monday.

Auto dealers posted their best month since last September. Sales rose 2%. Internet retailers, pharmacies and stores that sell home furnishings were other big winners.

Sales fell 0.3% at gas stations to reflect a temporary drop in prices that has since been reversed.

Home centers, apparel outlets and department stores also saw a decline in sales.

Retail sales were expected to bounce back in the early spring after a pause in spending following the holiday season as Americans rebuilt their savings.

What™s likely to keep the spending going in the months ahead are rising incomes and recent tax cuts that have put more money in people™s pockets. Annual tax refunds are also giving the economy a shot in the arm.

The U.S. expansion will turn nine years old at the end of June and it shows no sign of slowing.

Source: Marketwatch

RELATED NEWS
Housing starts drop 7% in February, but lull likely temporary...
Friday, 16 March 2018 19:59 WIB

Konstruksi rumah baru turun 7% di bulan Februari, namun indeks itu masih berada di dekat tingkat pos-resesi yang tinggi dan pengembang tidak menunjukkan tanda perlambatan. Perumahan baru turun ke tin...

Jobless claims drop 4,000 to 226,000...
Thursday, 15 March 2018 20:22 WIB

Tingkat PHK di AS yang diukur dengan klaim pengangguran awal turun tipis pada awal Maret dan bertahan di dekat level terendah 50 tahun - sebuah keuntungan bagi pekerja dan kewalahan bagi pengusaha yan...

Wholesale inflation tamer in February, PPI shows...
Wednesday, 14 March 2018 19:54 WIB

Harga grosir AS naik tipis 0,2% di bulan Februari, memberikan sinyal terbaru bahwa inflasi telah mencekik kembali setelah meluap di awal 2018. Ekonom yang disurvei MarketWatch memperkirakan kenaikan ...

U.S. retail sales fall for third month in a row...
Wednesday, 14 March 2018 19:42 WIB

Penjualan di pengecer AS turun 0,1% di bulan Februari dan turun untuk bulan ketiga berturut-turut, yang pertama kali terjadi sejak 2012. Ekonom yang disurvei oleh MarketWatch memperkirakan kenaikan p...

Consumer inflation less threatening in February, CPI shows...
Tuesday, 13 March 2018 19:44 WIB

Indeks harga konsumen naik 0,2% di bulan Februari setelah kenaikan 0,5% yang mengkhawatirkan pada bulan pertama tahun ini. Biaya perumahan naik, harga pakaian dan asuransi mobil membukukan kenaikan ya...

LATEST NEWS
Asia Stocks Rise as Political Tensions Ease; Korea Shares Fall

Asia stocks rose as investors turned their attention to the outlook for company earnings and as concerns about global political tensions eased. A weaker yen supported Japanese equities. The MSCI Asia Pacific Index gained 0.4 percent to 173.36 as...

Gold Holds Near Two-Week Low; Palladium Extends Drop

Gold holds 3-day decline as dollar trades at the highest since early January. Palladium heads for the biggest 2-day drop in more than a year. Bullion for immediate delivery was steady at $1,325.61/oz. Silver +0.4% to $16.6929/oz....

EUR/USD Tumbles Further Below 1.22 on Downbeat IFO

The single currency saw its decline accelerated today and is now forcing EUR/USD to drop to fresh lows in the vicinity of the 1.2180 region. The selling sentiment remains well and sound around the European currency during the first half of the...

POPULAR NEWS
Gold Futures Fall to 2-Week Low as Haven Demand Wanes
Tuesday, 24 April 2018 01:34 WIB

Gold declines to a 2-week low as demand for a haven eased amid cooling geopolitical tensions and a rally in the dollar. Bullion futures...

Gold On The Defensive - Peter Hug
Tuesday, 24 April 2018 05:44 WIB

On holiday last week, I am missing the nuance of the past few trading days. We suggested that the technical picture was looking positive with the...

Gold Declines Third Day as U.S. Hints at China Truce
Monday, 23 April 2018 12:58 WIB

Gold drops a third day after U.S. Treasury Secretary Steven Mnuchin hints at a truce with China on trade, and as tensions on the...

Oil Trades Below $69 as U.S. Rig Count Climbs to 3-Year High
Monday, 23 April 2018 10:26 WIB

Oil traded below $69 a barrel as the number of crude rigs in the U.S. rose to a three-year high in a sign American production may expand...