wrapper

US Retail Sales at a highest level in a year

Friday, May 13 2016
Sales at retailers jumped in April by the most in a year, indicating consumer spending will help the U.S. economy recover from an early-year slowdown. Purchases climbed 1.3% last month, the biggest gain since March 2015, after a 0.3% drop the prior month that was smaller than previously reported, Commerce Department figures showed Friday in Washington. The median forecast of 82 economists surveyed by Bloomberg called for a 0.8% gain. Healthier household finances, reflecting reduced borrowing and increased savings, mean consumers have the wherewithal to boost spending even as gasoline prices rise and job growth moderates. That can help shore up profits at retailers such as Macy’s Inc. after a disappointing start to 2016.
The Producer Price Index for final demand rose 0.2% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1% in March and 0.2% in February. On an unadjusted basis, the final demand index was  unchanged for the 12 months ended in April. In April, prices for final demand services edged up 0.1%, and the index for final demand goods advanced 0.2%. The index for final demand less foods, energy, and trade services moved up 0.3% in April following no change in March. For the 12 months ended in April, prices for final demand less foods, energy, and trade services rose 0.9%.
 
Euro is currently being traded few points above 1.1310 level, Sterling is around 1.4360 handle, while Aussie is at 0.7270 area.
More in this category: « Eurozone GDP grew by 0.5% in Q1 US Consumer Sentiment came to 95.8 in May »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.