News | Forex Optimum

News

News

U.S. retail sales increase less than forecast in August

The Commerce Department reported on Wednesday the sales at U.S. retailers rose 0.6 percent m-o-m in August, following a revised 0.9 percent m-o-m increase in July (originally a 1.2 percent m-o-m gain).

Economists had expected total sales would advance 1.0 percent m-o-m in August.

According to the report, the largest gains in retail sales were recorded in food services and drinking (+4.7 percent m-o-m), clothing (+2.9 percent m-o-m) and furniture (+2.1 percent m-o-m). In addition, gasoline prices rose, supporting receipts at service stations (+0.4 percent m-o-m), while sales of autos edged up 0.2 percent m-o-m.

Excluding auto, retail sales grew 0.7 percent m-o-m in August after a revised 1.3 percent m-o-m climb in the previous month (originally a 1.9 percent m-o-m surge), worse than economists’ forecast of a 0.9 percent m-o-m advance.

Meanwhile, closely watched core retail sales, which exclude automobiles, gasoline, building materials and food services, and are used in GDP calculations, edged down 0.1 m-o-m in August after a downwardly revised 0.9 percent m-o-m rise in July (originally a 1.4 percent m-o-m jump). Economists had forecast core retail sales growing 0.5 percent m-o-m in August.

In y-o-y terms, the U.S. retail sales rose 2.6 percent in August after a revised 2.4 climb in the previous month (originally a 2.7 percent raise). 

You may also be interested:

10:25 30.09.2020
Germany's retail sales increase much more than forecast in August
The Federal Statistical Office (Destatis) reported on Wednesday that Germany's retail sales climbed by 3.1 percent m-o-m in August, following a revised 0.2 percent m-o-m decline in July (originally a 0.9 percent m-o-m drop). This represented the first monthly gain in retail sales since February and was well above economists’ forecast for 0.5 percent m-o-m advance.Retail sales of food, beverages and tobacco rose 2.6 percent m-o-m, while sales in the non-food retail sector climbed 4.5
10:08 30.09.2020
UK’s house prices rise 5.0 percent y-o-y in September - Nationwide
 The report from the Nationwide Building Society showed that the house prices in the UK rose 5.0 percent y-o-y in September after gaining 3.7 percent y-o-y in August. That was the biggest growth since September 2016 and exceeded economist forecast of 4.5 percent y-o-y advance.On monthly basis, the house prices rose 0.9 percent  in September, following a 2 percent jump in August. “Housing market activity has recovered strongly in recent months. Mortgage approvals for
09:51 30.09.2020
UK’s economy shrinks less than initially estimated in Q2
A report from the Office for National Statistics (ONS) revealed Wednesday that the UK’s economy contracted less than initially estimated in the second quarter of 2020.According to the final estimate, the UK gross domestic product (GDP) fell at a 19.8 percent q-o-q in the second quarter, slower than a 20.4 percent q-o-q drop reported in the advance estimate. Still, this is the largest quarterly contraction ever and the second consecutive quarterly drop in GDP.Economists had expected the
Deposit
options
Trading
platform
download
Bonuses VIP