Last month's retail sales in the United States increased 1.7% from the previous month, rising for the third straight month, showing solid consumer spending despite record rises in prices.

Last month's retail sales, announced by the US Department of Commerce on the 16th, were $ 638.2 billion, or about 73 trillion yen in Japanese yen, up 1.7% from the previous month.



The increase has exceeded market expectations for the third straight month.



The breakdown is that "online mail order" increased by 4.0%, "gasoline" increased by 3.9%, and "food and beverage" increased by 0.9%.



Inflationary pressures are rising in the United States last month, with the consumer price index rising 6.2% compared to the same month of the previous year, the highest level in almost 31 years, but this statistic shows that consumer spending has bottomed out. You can see the hardness.



It seems that consumption was supported by the rising trend of wages due to the improvement of employment due to the resumption of economic activity and the labor shortage.



However, the rise in prices in the United States caused by the disruption of the supply chain = supply network is expected to last longer than initially expected by the central bank, and the impact on future consumption will continue to be vigilant.

Keywords: