Retail sales exceeded expectations in the US During the month of June after increasing 0.6%, above 0.1% that emerged from the projections made by a group of economists surveyed by Reuters, for goods transactions.
This Thursday, the US Department of Department Census He communicated the rise after an unpaid 0.9% drop during the month of May. Nevertheless, It is likely that the data reflect higher prices of some products that are exposed to tariffs, rather than volumes.
On the other hand, this week’s inflation data showed strong increases in June of the prices of goods sensitive to import taxes, such Sports, appliances, furniture and toysamong others.
“On the whole, The household sector seems to continue resisting, but it seems that there is a moderation of consumer spending“said Sam Bullard, chief economist of Wells Fargo.
Excluding cars, gasoline, construction materials and food services, increased had a rise of 0.5% last month, after a downward review of 0.2%. Underlying retail sales, which is more related to the consumer spending component of the internal gross product (GDP, grew 0.4% in May.
The number of unemployment orders in the US was lower than expected
The number of people who requested unemployment state aid in the US was lower than expectedafter last week it was located in 221,000, according to the North American Country Labor Department.
Last week, the number had been reviewed upwards, 228,000 people, compared to an earlier estimate of 227,000. For its part, the group of economists surveyed by Reuters expected a total of 235,000 applications.
The mobile average of the orders of the last four weeks, considered a more reliable indication of the trends in the labor market, since it reduces the volatility peaks, fell to 229,500, and the report also showed that the number of citizens who were receiving public aid after an initial week of subsidies rose to 1,956 million.
Source: Ambito
