Retail sales strengthened in both the U.S. and China last month, suggesting still-healthy consumer spending in the two largest economies even against a backdrop of rising prices.
Price increases continue to broaden, supporting the idea that inflation will prove more persistent than thought. The cost of goods and services from tobacco to electricity rose in the U.S. last month, while energy costs in the U.K. helped drive inflation to the highest reading in nearly a decade.
Charting the Global Economy: Retail Sales Firm in U.S., China - Bloomberg
Read More
No comments:
Post a Comment