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Usa: retail sales colored june:
Retail sales in the United States increased in June. Similarly, even better than anticipated by the markets, driven by the automobile, the building and shopping in shops, according to data published Thursday by the Commerce Department.
In June, retail sales increased by 0.6% over a month, reaching 720.1 billion dollars, after having stumbled by 0.9% in the previous month (unchanged data).
It is much better than what analysts expected. Therefore, whose forecasts were tabbling on a more modest recovery, of the order of 0.2%, according to the consensus published by Marketwatch.
Over one year, retail sales growed by 3.9%.
“The report shows no sign of weakness in consumer spending. However, After the May Vortex, June represents a return to normal,” said HFE chief, Carl Weinberg.
According to Michael Pearce. an economist for Oxford Economics, the increase, however, hides variations with “discretionary usa: retail sales colored june expenses, such as travel or hotels, hesitant” while purchases in “electronics and furnishings stores, mainly concerned by customs duties, are in decline”.
The American economy is traditionally driven by household consumption. the latter had postponed their purchases after the announcement of strong customs duties.
The break on all customs taxes beyond the 10% threshold were able to encourage Americans to make important purchases. before seeing these taxes materialize again.
Above all. June had marked the relaxation of trade relations between Beijing and Washington, after an increase in tensions following the establishment of so -called “reciprocal” customs duties wanted by US President Donald Trump in early April.
China had replied with an identical customs duties leading to an escalation between the first two global economic powers. Chinese products entering the United States was, for a time, taxed up to 145%, before being reduced to 30% in mid-May.
In detail. the automotive usa: retail sales colored june sector, which had dropped sharply in May after the entry into force of specific sectoral customs duties, resumed colors, up 1.2%. Part of these customs duties have been temporarily set aside concerning vehicles from Canada and Mexico.
The building materials sector. which had also suffered the previous month, recovered part of its losses, with an increase in sales of 0.9%, but still remains down over one year (-1.1%).
Sales in local stores have continued on the positive trend observed the previous month, at a rate, however less marked (+1.8%), consumers still enjoying inventories made before the entry into force of customs duties and the possible price increase.
This article was published automatically. Sources: ATS / AWP / AFP
Usa: retail sales colored june
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