US Retail Sales Spike 1.6% In September Amid Higher Gas Prices

Retail sales alone increased 4.7% from a year ago and 1.7% from August 2017.

The Commerce Department said on Friday retail sales jumped 1.6 percent last month also buoyed by a surge in receipts at services stations, which reflected higher gasoline prices after Harvey disrupted production at oil refineries in the Gulf Coast.

USA retail sales soared in September led by a surge in those for motor vehicles and parts.

Turkey, Russia to launch joint production of S-400 SAM
According to the Turkish president, there won't be any joint production in the first stage of S-400 purchases. Relations further deteriorated following an April referendum which expanded the powers of the president.

Harvey and Irma ravaged parts of Texas and Florida when the storms made landfall in late August and early September.

From July through September, furniture and home furnishings store sales were up 3.8% from the same three months previous year and increased 0.2% from April-through-June period, the report said.

Online retailers reported another healthy gain of 0.5 percent.

S Korea, China renew United States dollars 56 bn currency swap deal despite
The deal, seen as a financial safety net to help stabilise the South Korean won, accounts for around half of the South's entire currency swap deals.

Three retail subcategories repeated as the only sectors posting year-over-year sales declines: department stores, a subset of general merchandise stores; electronics and appliance stores; and sporting goods, hobby, books and music stores. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.

USA economic growth likely slowed in the July-September quarter as the hurricanes shut down thousands of businesses, employees were forced to miss work, and power was cut to millions of homes. Analysts forecast that the economy expanded at a 2 percent annual pace in the third quarter, down from a 3 percent gain in the April-June quarter. Construction and engineering firms are expected to step up hiring as homes, commercial buildings and roads and bridges are fixed. Economists expect growth will pick up to a 2.5 percent to 3 percent pace.

BMO Capital Markets Analysts Give Apache Corporation (APA) a $45.00 Price Target
Current price level places the company's stock about -48.91% from the 52-week high and 16.56% away from the 52-week low. Indicating how profitable Apache Corporation (NYSE:APA) is relative to its assets, the ROA value is displayed at 0.00%.

Últimas notícias