Americans spent more on restaurants (+1%), furniture and decorations (+1.4%), sporting goods, musical instruments and books (+0.8%); and auto sales rose 0.9% in June, after a 3.4% drop in May. For its part, online sales gained 2.2%. Clothing stores, construction and gardening were among the few categories that registered declines.
Meanwhile, contrary to what analysts expected, US industrial production declined in June, according to data released today by the US Federal Reserve Bank. Total production contracted 0.2% compared to May: The revision of the data finally showed a stagnation after an initial estimate of +0.2%, a figure that had the consensus of analysts.
After four months of strong growth, of 0.8% or more, May saw a slowdown in industrial production. Therefore, the data for June show a monthly decline in the sector; In annual terms, the growth of industrial production was 6.1% in the second quarter.
For the second month in a row, manufacturing production contracted 0.5%, although its annual growth rate in the second quarter was 4.2%. Meanwhile, the production of the mining sector increased 1.7% in June, while that of public services (water and electricity) fell 1.4%.
Source: Ambito
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