Markets

July Retail Sales Rebound, Up 3.5 Percent Over 2016

July Retail Sales Rebound, Up 3.5 Percent Over 2016”

Analysts, who had been expecting an increase of only 0.3 per cent in July, said the result was a strong start to growth in the third quarter.

Consumer spending accounts for about 70 percent of economic activity.

Retail trade sales were up 0.6% from June 2017, and up 4.3% from past year.

Auto sales helped drive the mid-summer upswing after sagging for much of the year, posting the biggest gain since December last year.

Manafort Drops His Legal Team
Neither did the special counsel investigating the leak of a Central Intelligence Agency operative's identity in the George W. Manafort "for a long time " but that he has "always found Paul Manafort to be a very decent man".

June sales grew 3 percent from the year-earlier month, beating expectations of a 1.9 percent increase.

"The inherent volatility in the monthly retail sales reports notwithstanding, consumers will remain the key driver of growth in the US economy", Richard Moody, chief economist of Regions Financial, told MarketWatch.

Auto dealerships and non-store retailers saw the biggest sales increases this year.

A mysterious decline in spending at the end of the second quarter, meanwhile, vanished after fresh government revisions based on newly incorporated sales data.

When Is Perseid Meteor Shower? Where, How To See It This Weekend
It is best to avoid pollution when planning to witness such an astronomical event, so a countryside sky may offer a better view. This weekend is the annual Perseid Meteor Shower , which is one of the year's most popular since it occurs during the summer.

Department stores, a sub-category of general merchandise stores, and sporting goods, hobby, books and music stores repeated as the only two categories in negative territory.

The May 2017 to June 2017 percent change was revised from down 0.2% to up 0.3%. Department store sales were down 1.3% from July a year ago but gained 1% over June of this year. Prices could decline further as a separate report from the Labor Department on Tuesday showed the cost of imported motor vehicles fell in July for the second consecutive month. Internet-driven purchases probably received a boost from the spike in online shopping tied to Amazon.com's Prime Day event.

However, cheap gasoline and falling sales of electronics and clothing items still weighed on sales last month.

Still, July was even better for the non-store retailers like Amazon and Jet that have soared in recent years, and increased 1.3 per cent compared to June, also their strongest gain since December.

California Democrat Maxine Waters's 'Reclaiming My Time' episode inspires memes, gospel song
To start, I want to highlight a moment that I feel has been underappreciated: When Mnuchin started by effusively thanking Rep. Instead, her goal is kicking out the person who now resides there. "I think that he's capable of doing outrageous things".



Like this

Latest


17 August 2017
Huawei confirms October 16th event for Mate 10 reveal
The Chinese smartphone manufacturer has sent out media invites for the launch event on October 16 to be held in Munich, Germany. Huawei's Mate 9 was a great phone with a standout screen, but if we had one criticism it would be the somewhat tiresome design.

15 August 2017
South Korean leader demands peace in region
Dunford believes that a conflict on the Korean Peninsula would be awful , but that does not mean there are not military options. The world is uniting against the North Korean threat, and even China - North Korea's only ally - voted for the resolution.

14 August 2017
Anthony Scaramucci: Trump Needed to Be 'Much Harsher' to White Supremacy
Scaramucci blasted Bannon in an oft-quoted New Yorker interview that featured the man known as "the Mooch" uttering blue language. Scaramucci said he spoke with the president "this week" and that the two "had a very candid conversation".

14 August 2017
Guardiola promises more to come from Man City
City truly have an embarrassment of riches, but his team's toils at Brighton suggested that Guardiola is still seeking a blend. Substitutes: Leroy Sane (for Danilo , 68): 6, Raheem Sterling (for Jesus, 77): 6, Bernardo Silva (for Aguero, 82): 6.

13 August 2017
Trump, Politicians Condemn White Nationalist Rally in Charlottesville, Virginia
The Saturday rally could become "the largest hate-gathering of its kind in decades in the United States", the rights group said. For many Americans, they are outdated symbols of racism , and have been mobilizing to have them taken down from public places.

11 August 2017
Taylor Swift testifies that groping was 'horrifying and shocking'
Taylor Swift has wrapped up her testimony in a civil trial over whether a former radio DJ groped her before a 2013 concert. A photo from the 2013 encounter is pictured below via TMZ . "You stand there and take a photo".

10 August 2017
Boy, 3, left in Fla. daycare van dies
Temperatures in Orlando climbed to 94 degrees Fahrenheit on Monday. "He had to lose his life because of someone's neglect". He was part of a group of children driven between two centres run by Little Miracles Academy in Orlando on Monday morning.

08 August 2017
Kellyanne Conway: Hopelessly stuck in the past
Deputy Attorney General Rod Rosenstein told Chris Wallace on "Fox News Sunday" that the Russian Federation investigation was not a fishing expedition.

07 August 2017
Imran Khan says won't say anything derogatory against Ayesha Gulalai
Gulalai had claimed that the PTI chief had been sending her obscene messages since 2013, a charge vehemently refuted by the PTI. On Friday, the PTI spokesperson rejected the demand for a bi-partisan parliamentary committee to probe Gulalai's allegations.

06 August 2017
Boston Red Sox vs
This season Moreland is hitting a mere.231 against left-handed pitching, which has pushed him into a platoon role at first base. BOSTON The game between the Cleveland Indians and Boston Red Sox scheduled for Wednesday night was postponed because of rain.



Recommended