RE: In summary17 May 2022 14:40
mixed bag for the US Retail sales my money is on the first signs of a slow down after people have a final splurge. Petrol sales say a lot -"Retail sales in the US increased 0.9% mom in April of 2022, following an upwardly revised 1.4% surge in March and matching market forecasts, as consumers continue to spend despite stubbornly high levels of inflation. Biggest increases were seen for sales at miscellaneous store retailers (4%); motor vehicle & parts dealers (2.2%); nonstore retailers (2.1%); food services & drinking places (2%); and electronics & appliances stores (1%). In contrast, retail sales fell 2.7% at gasoline stations, 0.5% at sporting goods, hobby, musical instrument, & book stores; and 0.2% at food and beverages stores."