Sales at retail stores surged in May, but the increase was a double-edged sword. Americans are spending more because of a strong economy, but rising inflation also means they have to pay more for gas and other staples. Retail sales nationwide jumped by 0.8% last month, twice as high as the MarketWatch forecast. Sales growth in April and March were also revised up sharply, partly reflecting changes in how the government calculates the numbers. Retail sales have risen a solid 5.9% over the past 12 months, the government said Thursday. Sales are rising at a more than 5% yearly pace even if...

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Housing starts ran at a seasonally adjusted annual 1.35 million annual rate in May, the Commerce Department said Tuesday. Permits were at a 1.3 million seasonally adjusted annual rate. Builders broke ground on more homes in May, a good signal about the health of the economy and the housing market. At a 1.35 million pace, housing starts saw the fastest activity since 2007. The reading edged the...

Sales at retail stores surged in May, but the increase was a double-edged sword. Americans are spending more because of a strong economy, but rising inflation also means they have to pay more for gas and other staples. Retail sales nationwide jumped by 0.8% last month, twice as high as the MarketWatch forecast. Sales growth in April and March were also revised up sharply, partly reflecting...

U.K. retail sales jumped more than economists forecast in May as warm weather and the Royal Wedding prompted consumers to spend. Sales climbed 1.3 percent from April, compared with a median estimate of a 0.5 percent gain in a Bloomberg survey. The increase was led by food and clothing, according to data from the Office for National Statistics in London. Excluding auto fuel, sales rose 1.3...

China's economy showed signs of losing steam in May, with an unexpected slowdown in factory output and lackluster investment and consumption. Industrial output rose 6.8 percent in May from a year earlier, versus a projected 7 percent in a Bloomberg survey, which was also the reading in April. Retail sales expanded 8.5 percent from a year earlier, versus a forecast 9.6...

Australian unemployment declined to 5.4 percent in May as fewer people sought work. Jobs gained 12,000 from April; economists forecast 19,000 gain. Unemployment fell to 5.4% from 5.6%; estimate 5.5%. Full-time jobs dropped 20,600; part-time employment rose 32,600. Participation rate fell to 65.5%; economists predicted 65.6% . Aussie dollar bought 75.65 U.S. cents at 11:34 a.m....

Wholesale costs in the U.S. surged in May against the backdrop of rising oil prices, adding upward pressure on inflation in a steadily growing economy marked by supply bottlenecks and a growing shortages of skilled labor. The producer price index jumped 0.5% in May, the Labor Department said Wednesday. Most of the increase was due to higher oil prices, which President Trump complained about in...

The UK Consumer Prices Index (CPI) 12-month rate came in at 2.4% in May, unchanged from April's reading and against 2.5% anticipated, the UK Office for National Statistics (ONS) reported this Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at 2.1% y/y, same as that seen in the previous month while meeting the consensus forecast. The monthly...

A measure that tracks consumer prices shows the cost of living is increasing at the fastest pace in six years, reflecting a strong U.S. economy and ultra-tight labor market thats stoking inflation. The consumer price index increased 0.2% in May, the government said Tuesday. That was in line with Wall Streets forecast. The consumer price index has risen 2.8% in the past 12 months, up from...

ASIA
China's Economy Dials Back a Notch as Output and Investment Slow
Thursday, 14 June 2018 09:19 WIB China's economy showed signs of losing steam in May, with an unexpected slowdown in factory output and lackluster investment and...
UNITED STATES
Existing-home sales sink as tight supply smothers market
Wednesday, 20 June 2018 21:28 WIB Existing-home sales ran at a seasonally-adjusted annual 5.43 million rate in May, down 0.4% from April, the National Association of Realtors said...
EUROPE
U.K. Inflation Drops More Than Expected to Slowest in a Year
Wednesday, 18 April 2018 16:01 WIB U.K. inflation slowed to the weakest level in a year in March as the Bank of England prepares to lift interest rates next month. Consumer prices...
GLOBAL ECONOMY
Australian Employment Rose 22,600 in April; Est. 20,000 Gain
Thursday, 17 May 2018 08:59 WIB Australia's central bank is looking for a tightening labor market to drive wages higher and spur inflation before it considers raising interest...

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