Firm American retail sales improve economic outlook

Firm American retail sales improve economic outlook

In June, American retail sales tacked on solidly because households spurred purchases of cars as well as an array of other products, thus strengthening hopes for robust economic surge in the second quarter.

Indications of an improving economy along with a tightening labor market as well as soaring inflation, will probably keep the major US financial institution on track to proceed with lifting interest rates in 2018.

Last Friday, Jerome Powell, Fed Chair proposed an upbeat assessment of the economy. The statesman told that over the first half of 2018, overall economic activity has expanded at a firm tempo. The American key financial institution had interest rates lifted in June for the second time in 2018. Moreover, the major bank predicted two extra rate lifts by the end of this year.

On Monday, the Commerce Department told that retail sales gained 0.5 in June. May’s data was updated upwards to demonstrate sales soaring 1.3% versus the previously posted 0.8% leap.

May's soar in retail sales turned out to be the most impressive since September 2017. Market experts interviewed by Reuters had predicted retail sales jumping 0.5% in June. In June, retail sales managed to rally about 6.6% from 2017.

Excluding cars, building materials, food services and gasoline retail sales didn’t change in June after an upwardly updated 0.8% soar in May.

Core retail sales are closely connected with the consumer spending component of GDP. Earlier, core retail sales were reported to have tacked on 0.5% in May.

Consumer spending that accounts for more than two-thirds of American economic activity, shrank steeply from January to March, soaring at its slowest tempo for nearly five years.

In June, car sales tacked on 0.9% having soared 0.8% in May.

Sales of building materials edged up 0.8% in June having ascended 2.5% in May.




Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera