U.S retail sales came in below estimates for the month of June . . . . . . . . . . . . . The country’s retail sales rose below forecasts in June yet continue on climbing and therefore reflect an ongoing pickup in consumer spending throughout the second half of this year keeping in mind that the recent improvement within the labor market projects higher levels of demand. If truth be told the retail sales for June came in at 0.2%; below the projected 0.6% and the prior revised 0.5% from 0.3% while that excluding autos as well as excluding autos and gas this index came in slightly below the predicted market reading of 0.5% at 0.4%. Knowing that clothing stores, general merchandise merchants and non-store retailers, which include online vendors, were among the major retail categories showing gains last month, today’s showed. However today we witness a stronger rather than weaker assessment of the conditions and expectations of manufacturing executives in New York as the empire manufacturing came in above the forecasted market reading of 17.00 and prior reading of 19.28 at 25.60. All in all this data reflects and affirms that manufacturing and overall business conditions of the country continue on supporting growth and being a major pillar sustaining the present economical performance of the U.S economy triggering a faster revival pace. As for the change in the prices paid for goods imported to the U.S today we can see that the import price index of June came in below the projected market reading of 0.4% at 0.1% yet came in slightly higher than expected for the year ending June at 1.2% #egyptyard
Posted on: Tue, 15 Jul 2014 13:07:10 +0000
Recently Viewed Topics
© 2015