"Market Expected Increase" US Retail Sales September 17 5:54
Last month's retail sales in the U.S. increased 1.9% year-on-year due to the resumption of economic activity in various parts of the country, significantly exceeding market expectations and improving for the fifth straight month. I did.
The US Department of Commerce announced on the 16th that retail sales, which show trends in consumer spending, were $ 549.2 billion last month, up 1.9% from the previous month.
Retail sales have increased for the fifth straight month, this time well above market expectations of 0.7%.
Breaking it down, "clothing and clothing stores" increased by 11%, "car dealers" increased by 3.6%, and "restaurants and bars" also increased due to the relaxation of business restrictions in each state. It increased by 2.1%.
On the other hand, the industrial production index, which also announced on the 16th, which shows the production activity of companies, fell by 0.6% from the previous month, turning to deterioration for the first time in 5 months.
In the United States, the preliminary figures for the growth rate of GDP = gross domestic product from July to last month will be announced on the 29th of this month.
Market officials expect a significant improvement in reaction to the three months before the record decline, but as the presidential election is just around the corner, how much improvement will be possible? It is in focus.