Tuesday, 18 June 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Retail Sales Increase Most Since 2017 on Autos, Gasoline
Thursday, 18 April 2019 19:43 WIB | ECONOMY |Retail SalesEkonomi AS

U.S. retail sales jumped by the most since September 2017 as gains in motor vehicles and gasoline stations boosted sales, signaling consumers are giving the economy greater support.

The value of overall sales in March rose 1.6 percent after an unrevised 0.2 percent decrease the prior month, according to Commerce Department figures released Thursday. That exceeded all forecasts in Bloomberg™s survey calling for a 1 percent gain. A separate report Thursday from the Labor Department showed filings for unemployment benefits fell last week to a fresh a 49-year low.

With first-quarter gross domestic product figures due April 26, the surprisingly strong retail report may spur economists to further increase projections. Analysts raised economic growth forecasts for the period Wednesday after a report showing the trade deficit unexpectedly narrowed in February.

The stronger data signal consumers may continue to drive the expansion amid solid wage gains, low unemployment, and policy makers indicating interest rates will remain on hold this year. The rebound, after a December plunge, may help offset an inventory overhang that™s poised to weigh on growth later this year.

Automobile dealer sales rose 3.1 percent, the most in 18 months, after a drop the prior month. Industry data from Ward's Automotive Group previously showed unit sales rebounded in March.

Source : Bloomberg

RELATED NEWS
Retail sales look strong, with a solid gain in May and upward revision to prior month...
Friday, 14 June 2019 19:50 WIB

Laporan konsumen Amerika sangat dibesar-besarkan seiring data penjualan ritel Mei naik pada kecepatan yang solid dan penurunan pada bulan sebelumnya direvisi untuk menunjukkan keuntungan. Penjualan r...

Australian Employment Rose 42,300 in May; Estimate 16,000 Gain...
Thursday, 13 June 2019 08:50 WIB

Bank sentral Australia mengakhiri jeda hampir tiga tahun terakhir pada pekan lalu, melanjutkan pengurangan suku bunga untuk mencoba mendorong tingkat pengangguran turun menjadi 4,5% - perkiraan baru u...

US: Annual core Consumer Price Index (CPI) falls to 2% in May vs. 2.1% expected...
Wednesday, 12 June 2019 19:54 WIB

Data yang diterbitkan oleh Biro Statistik Tenaga Kerja A.S. pada hari Rabu mengungkapkan bahwa inflasi, yang diukur dengan Indeks Harga Konsumen (CPI), turun menjadi 1,8% di bulan Mei dari 2% di bulan...

Australia Interest-Rate Cut Fails to Lift Gloom About Economy...
Wednesday, 12 June 2019 08:51 WIB

Rumah tangga Australia yang sarat utang merespons lebih banyak dengan kekhawatiran daripada antusiasme terhadap pemotongan suku bunga Reserve Bank, menurut survei yang dilakukan sejak langkah pekan la...

UK wages rise by 3.4% 3m y/y in April, beat estimates...
Tuesday, 11 June 2019 15:52 WIB

Kantor Statistik Nasional Inggris menunjukkan pada hari Selasa, pendapatan mingguan rata-rata Inggris, tidak termasuk bonus, lebih baik dari ekspektasi, di 3,4% 3m y/y di April dibandingkan 3,3% sebel...

LATEST NEWS
BoE's Carney: BoE retains the ability to relaunch term funding scheme as necessary

While speaking at the policy panel at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, Bank of England Governor Mark Carney said that in exceptional circumstances, like Brexit, the Monetary Policy Committee (MPC) could...

Dow Jumps 270 Points in Early Action as Draghi Comments Spark Fresh Hope For Fed Rate Cuts

U.S. stocks on Tuesday climbed, extending Monday's gains, as investors awaited the start of the Federal Reserve's two-day policy meeting, set to kick off later Tuesday morning. Comments by European Central Bank President Mario Draghi about his...

Gold Jumps Toward 14-Month High as Investors Bet on Dovish Central Banks

Gold prices on Tuesday jumped to the highest levels in more than a year as comments made in Portugal by European Central Bank President Mario Draghi ahead of a meeting of the Federal Reserve is seen as setting the stage for lower interest...

POPULAR NEWS
Gold prices end lower, snap multiday rally
Tuesday, 18 June 2019 01:11 WIB

Gold futures finished lower on Monday, following a four-session streak of gains, pressured by uncertainty ahead of a meeting of the U.S. Federal...

Gold poised to snap 4-day rally as metal hits a wall at around $1,370
Monday, 17 June 2019 19:02 WIB

Gold futures retreated on Monday, after a multiday rally as bullion, which has benefited from concerns about international trade clashes and a...

Gold Retreats From 14-Month High as Fed Cut in Doubt
Monday, 17 June 2019 09:21 WIB

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn™t an urgent...

Tokyo Stocks Open Lower
Monday, 17 June 2019 07:35 WIB

Tokyo stocks opened fractionally lower on Monday, tracking falls on Wall Street, with investors' eyes on the US-China trade war and key central bank...