Charts of the Week
U.S. Retail Sales
Chart of the Week for August 23, 2019 - August 29, 2019
The U.S. Census Bureau publishes a monthly survey of merchandise sold by establishments primarily engaged in retail trade. Economists consider it an important measure of consumer spending activity and a leading contributor to Gross Domestic Product (GDP). The chart above shows the monthly percentage change in U.S. Retail Sales from July 2018 through July 2019.
Retail sales had mixed results over the past year ranging from a high of 1.8% growth in March 2019 to a decline of -2.0% in December 2018. The July 2019 increase of 0.7% was the largest since March 2019, and a 3.4% increase from July 2018. Economists noted both positive and negative factors in the July retail sales results. Positive factors included a strong labor market, continuing wage growth, and high savings rates. Negative factors included volatility in the capital markets, the trade situation with China, and falling consumer sentiment.
Posted by: sarah_oz@yahoo.com
Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (7) |
Belum ada komentar untuk "[TSP_Strategy] US Retail Sales"
Post a Comment