Further good news from the US economy Friday evening with retail sales jumping 0.6% in August
David Scutt
Stonex
Further good news from the US economy Friday evening with retail sales jumping 0.6% in August. The reading, in line with expectations, was higher than the upwardly-revised 0.3% increase of July and left the annual rate of change at a 12-month high of +5.0%. While not as strong as the headline figure, core sales, that which removes volatile items such as food, gasoline, autos and building materials, rose 0.4% leaving the year-on-year change at +4.1%. Breaking the release down even further, excluding gasoline sales only, sales jumped 0.7% with the annual rate surging to +5.7%. (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest rate movements and has been an active trader on behalf of his employers.Over the past 5 years David has become a respected financial analyst and has built a strong following on social media with his insights into the domestic and international markets for currencies and interest rates.Web: www.scuttpartners.com.au LinkedIn: https://www.linkedin.com/pub/david-scutt/9/34a/841
David Scutt
Market Analyst
Stonex
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
David Scutt
Market Analyst
Stonex
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Why "buy and manage" is the better way to invest in stocks
Livewire Markets
Equities
The 4 common traits of small-cap takeovers (and our top 8 targets for 2025)
Seneca Financial Solutions
