Last month's retail sales in the United States fell 0.3% from the previous month, the first decline in five months.
As inflation continues for a long time, we are becoming more cautious about declining consumer spending.
Last month's retail sales, announced by the US Department of Commerce on the 15th, were $ 672.9 billion, or about 90 trillion yen in Japanese yen, down 0.3% from the previous month and down for the first time in five months.
Breaking it down, ▽ "Restaurant / Bar" increased by 0.7% against the background of the weakening effect of the new coronavirus, while ▽ "Car sales" decreased by 3.5% due to the rise in loan interest rates. rice field.
In the United States, inflation has been prolonged, with the rate of increase in consumer prices reaching a high level for the first time in about 40 and a half years last month, and it is thought that this is pushing up the burden on households.
The Fed, the central bank, has a policy of giving priority to controlling inflation and continuing to raise interest rates significantly, but in the financial markets, if monetary tightening to curb the demand for economic activities becomes excessive, the economy will cool down. There is also a deep-rooted view that it is too much, and there is growing caution about the decline in personal consumption.