Last month's retail sales in the United States rose 0.5% from the previous month for the third straight month, demonstrating the resilience of consumption in record inflation.

Last month's retail sales, announced by the US Department of Commerce on the 14th, were $ 665.7 billion, or about JPY83 trillion in Japanese yen, up 0.5% from the previous month for the third straight month.



By industry,


“sports / entertainment products” increased by 3.3%,


“clothes / accessories” increased by 2.6%, and


“restaurants / bars” increased by 1.0%


.



In the United States, the rate of increase in consumer prices reached the 8% level for the first time in 40 years in response to the soaring price of crude oil triggered by Russia's invasion of Ukraine, but due to improvements in employment and wages. It is a form that maintains the resilience of consumption.



However, sales excluding "gasoline," which had grown significantly due to soaring prices, have decreased slightly from the previous month, and market caution continues.



The Fed, the central bank, is expected to focus on curbing inflation and accelerate the pace of monetary tightening, but the focus of the U.S. economy is likely to be whether consumer spending will continue to recover steadily. ..

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