Retail enterprise to purchase in May, America spend more cars, home decoration and sporting goods. Shows consumers remain steady, despite the higher taxes and rapid growth, and can drive earnings later this year.
The Commerce Department said on Thursday that retail sales rose 0.6% from April, may. 0.1%, which is the fastest speed than last month and 2 months.
April gain jumped by 1.8% in six months the largest rise in car sales. Excluding volatile cars, natural gas, and construction supplies, core retail sales rose by 0.3%. This is slightly higher than the 0.2% increase in April.
In hardware and grocery store sales growth, but a drop in the furniture and appliance stores.
Retail sales report is the government let's look at consumer spending per month, 70% of economic activity.
Stable employment growth and rising house prices has helped to offset the increase of social security tax, has been reduced this year take home pay a majority of americans.
Consumer spending growth in January and 3 at the fastest pace in more than two years. This help a solid at an annual rate of 2.4%, economic growth. Most economists predict that economic growth is slowing, April to June quarter at an annual rate of 2% or less. But retail spending shows economy could gain a stronger than expected.
Consumer confidence rose to a record in five years in May. Home sales and construction provide stable income support for the economy and even manufacturing weakened.
Home sales and auto sales revenue has been supported by the federal reserve's low interest rate policy. Central bank buy $8.5 billion worth, monthly bonds to keep downward pressure on long-term interest rates. Fed policymakers held a two-day meeting, next week will keep a close watch on any signal that the fed is considering pulling back some economic support.
Economy created 175000 jobs in May, hire a firm for a month, but in the past 12 months, on average, are not much more strong.
Excluding autos, retail sales rose 0.3% in May. At the hardware store sales were up 0.9%, sales of sporting goods and grocery store has increased.
At the furniture store sales fell 0.8% and 0.4%, electronics and home appliance stores.



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