U.S. retail sales unexpectedly rose in January, lifted by an increase in purchas...
WASHINGTON - U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker than initially thought.
Retail sales rose 0.2 percent. Data for December was revised down to show retail sales dropping 1.6 percent instead of tumbling 1.2 percent as previously reported. The drop in December was the biggest since September 2009 when the economy was emerging from recession. Excluding automobiles, gasoline, building materials and food services, retail sales rebounded 1.1 percent in January after a downwardly revised 2.3 percent plunge in December. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.
However, December reports on the trade deficit and construction spending have led economists to believe the fourth-quarter GDP growth estimate would be revised lower when the government publishes its revision later this month.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. private job growth slows in February but January revised sharply higher: ADPU.S. companies hired 183,000 workers in February, falling short of analyst forec...
Weiterlesen »
US retail sales rise just 0.2% in January as consumers remain cautiousU.S. retail sales rose slightly in January after a sharp drop in December, reflecting caution taken by consumers amid a government shutdown and volatile stock market.
Weiterlesen »
U.S. construction spending falls, fourth quarter GDP seen revised lowerU.S. construction spending unexpectedly fell in December as investment in both p...
Weiterlesen »
New home sales rise to 7-month high in DecemberSales of new U.S. single-family homes rose to a seven-month high in December, but November's outsized jump was revised lower, pointing to continued weakness in the housing market.
Weiterlesen »
U.S. business inventories rise 0.6% in December
Weiterlesen »
U.S. housing starts climb 18.6% in January, permits rise 1.4%
Weiterlesen »
Dollar rises again despite Trump trying to 'jawbone' the US currency lowerThe U.S. dollar rose against a basket of currencies on Monday as investors looked past comments made by President Donald Trump over the weekend regarding the greenback.
Weiterlesen »
China's February trade surplus with U.S. narrows sharply to $14.72 billionChina's trade surplus with the United States narrowed to $14.72 billion in ...
Weiterlesen »