U.S. retail sales jump 0.8% in May, point to strong second-quarter GDP

Thursday, 14 June 2018 20:02 WIB

Ekonomi AS


Sales at retail stores surged in May, but the increase was a double-edged sword. Americans are spending more because of a strong economy, but rising inflation also means they have to pay more for gas and other staples.

Retail sales nationwide jumped by 0.8% last month, twice as high as the MarketWatch forecast. Sales growth in April and March were also revised up sharply, partly reflecting changes in how the government calculates the numbers.

Retail sales have risen a solid 5.9% over the past 12 months, the government said Thursday. Sales are rising at a more than 5% yearly pace even if gas is excluded.

Restaurants and clothing stores posted strong sales, and in a bit of a surprise, traditional brick-and-mortar department stores outpaced their Internet rivals.

Auto sales also rose 0.5%. The auto sector generates about one-fifth of all retail spending.

Sales fell at stores that sell sporting goods, books, music and home furnishings.

Retail sales in April, meanwhile, were raised to show a 0.4% gain from an initial 0.2% reading. Sales in March grew 0.7% instead of being unchanged.

Source: Marketwatch


  • U.K. retail sales fell 0.2% in August, as the prior month's gain from Amazon Prime Day reversed with a drop in non-store retailing. Economists polled by FactSet had forecast a 0.2% dip. The year-on-ye...
  • Australia's unemployment rate rose in August reflecting a slowdown in the economy, and adding to a fast-growing case for interest rates to be cut further in coming months. Unemployment rose to a seas...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.