U.S. Retail Sales Climb More Than Expected Amid Jump In Gas Prices
2018年11月15日 - 6:22PM
RTTF2
Retail sales in the U.S. increased by more than anticipated in
the month of October, the Commerce Department revealed in a report
released on Thursday.
The Commerce Department said retail sales advanced by 0.8
percent in October following a revised 0.1 percent dip in
September.
Economists had expected retail sales to climb by 0.5 percent
compared to the 0.1 percent uptick originally reported for the
previous month.
The bigger than expected increase in retail sales was partly due
to a spike in sales by motor vehicle and parts dealers, which
surged up by 1.1 percent in October after dipping by 0.1 percent in
September.
Excluding the jump in auto sales, however, retail sales still
rose by 0.7 percent in October after edging down by 0.1 percent in
September. Ex-auto sales had been expected to increase by 0.5
percent.
Sales by gas stations showed a substantial increase amid higher
gasoline prices, soaring by 3.5 percent in October after falling by
0.4 percent in September.
The report also showed notable increases in sales by department
stores, building materials and supplies dealers, and electronics
and appliance stores.
Meanwhile, closely watched core retail sales, which exclude
automobiles, gasoline, building materials and food services, rose
by 0.3 percent in October, matching the downwardly revise increase
in September.
"The plunge in oil prices in recent weeks will boost households'
real disposable incomes by close to $40 billion, with surging
natural gas prices likely to offset only a small fraction of that
improvement in purchasing power," said Michael Pearce, Senior U.S.
Economist at Capital Economics.
"With consumer confidence still high, much of this extra cash is
likely to filter through to spending on other goods and services,"
he added. "But we doubt that will be enough to replace the boost
from the earlier fiscal stimulus or offset all of the headwind from
tighter monetary policy."
Compared to the same month a year ago, retail sales were up by
4.6 percent in October versus the 4.2 percent year-over-year
increase in September.
US Dollar vs Yen (FX:USDJPY)
FXチャート
から 3 2024 まで 4 2024
US Dollar vs Yen (FX:USDJPY)
FXチャート
から 4 2023 まで 4 2024