11 Jun 2015
US Retail Sales rise 1.2% in May
FXStreet (Mumbai) - The data released by the US commerce department on Thursday showed the retail sales climbed 1.2% in May following an upwardly revised 0.2% growth seen in April. The consensus estimate had called for a reading of 1.2%.
The retail sales in March were revised up to 1.5% from 1.1%. Retail sales ex-Autos growth increased to 1.0% from 0.1% in April. Markets were expecting the number at 0.7%. The rise in retail sales in May is the third straight in row, which indicates a rebound in consumption after the lull seen in Winter.
Meanwhile, Import price index rose to 1.3% month-on-month in May, beating the estimate of a 0.8% rise. The import price index had contracted 0.2% in April.
The retail sales in March were revised up to 1.5% from 1.1%. Retail sales ex-Autos growth increased to 1.0% from 0.1% in April. Markets were expecting the number at 0.7%. The rise in retail sales in May is the third straight in row, which indicates a rebound in consumption after the lull seen in Winter.
Meanwhile, Import price index rose to 1.3% month-on-month in May, beating the estimate of a 0.8% rise. The import price index had contracted 0.2% in April.