In June, American Consumers' Expenditure In Retail Industry Tended To Be Conservative.

2013/7/17 21:47:00 14

economic report shows that the expenditure of American consumers in the retail industry in June tends to be conservative. It seems that the economy of the US in the second half of this year is likely to be weakened, which is difficult for many economists to anticipate.

P > according to the US Department of Commerce report, although Americans buy more cars, trucks, furniture and a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > in June, the expenditure on other aspects is reduced, such as restaurants and bars, housing repair, computers and electronic products.

the Ministry of Commerce pointed out that, on the whole, consumers' expenditure in June increased by 0.4% compared with May, but the core retail sales increased by only 0.15%, if not listed in larger cars, gasoline and construction supplies, the weakest growth rate since January this year.

economists believe that the growth of retail sales in June is slow, which may lead to a growth rate of less than 1% in the second quarter (4-6 months), which is far less than that of most experts, and is less than the first quarter growth rate (1.8%).

Nevertheless, many economists have not changed the growth rate in the second half of the year, which is still around 2.5%.

According to Capital Economics, American economist Paul Dales, the current employment growth, income increase, stock price rise and housing price rise can show that the family economy is in a stable situation, which is helpful to economic growth.

consumer spending continued to grow, but only in the first quarter. The core retail sales increased by 2.7% in the second quarter and 4.2% in the first quarter.

This is related to the increase in social security tax at the beginning of the year, which reduces consumer spending and affects economic growth, because consumer spending in the United States accounts for about 70% of the total economic activity.