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US retail sales last month rose for the first time in 2 months

2019-11-15T20:28:36.727Z

In the US last month, retail sales exceeded the previous month for the first time in two months due to increased sales of automobiles and gasoline.



US Retail Last month's sales rose for the first time in 2 months, November 16 5:27

In the US last month, retail sales increased from the previous month for the first time in two months due to the increase in sales of automobiles and gasoline, indicating a solid consumption.

The US Department of Commerce announced on the 15th that last month retail sales were $ 526.5 billion, an increase of 0.3% compared to the previous month and turned positive for the first time in two months.

This is above market expectations, up 3.1% from the previous year.

By field, “car-related”, which fell in the previous month, recovered positively, and sales of “gas station” and “no store sales” for online shopping also increased.

Some companies in the United States have passed the tariff costs that increased in September due to trade disputes with China to products, but consumers' willingness to spend has been firm Was shown.

FRB = Chairman of the Federal Reserve Board Powell suggests a policy to suspend the rate cut that has been implemented to prevent the economic slowdown in the future.

Source: nhk

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