Retail sales in the US last month rose 3.8% from the month before it fell negative, 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 $ 649.8 billion, or about JPY75 trillion in Japanese yen, up 3.8% from the previous month and surpassing market expectations.
Due to the spread of the mutant virus Omicron strain, the previous month fell to minus for the first time in 5 months, but this time it has recovered.
Breaking it down,
"food and drink / bars" decreased by 0.9%, while
"department stores" increased by 9.2% and "online mail order" increased by 14.5%.
In the United States, record inflation continues, with the rate of increase in consumer prices rising to the highest level in almost 40 years last month, but personal consumption has shown resilience against the backdrop of improved employment and rising wages. I am.
However, the central bank's Fed (Federal Reserve Board), which is wary of inflation with no prospect of convergence, is expected to raise interest rates next month, and it seems that the trend of personal consumption will continue to be wary.