Retail sales, import prices surge
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Retail sales in May rose at the strongest pace since January 2006, while import prices surged, adding to recent data suggesting the U.S. economy is recovering strongly from a first-quarter slowdown.
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U.S. chain store retail sales rose in  the latest week, due to a late pre-Christmas surge in spending,  a report said on Tuesday.
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Business & money: Retail sales rose by a stronger-than-expected 0.4% in November from October, but retailers had to again slash their prices to shift stock
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Retail sales unexpectedly accelerated at the fastest rate in three years, lifted by rising incomes and a stock market that has doubled this year. Sales rose 15.9 percent from a year earlier to 715.8 billion yuan ($94 billion) after gaining 15.5 percent in April, the statistics bureau said. The gain was the biggest since May 2004 after adjusting for distortions caused by Chinaâs Lunar New Year holidays.
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New orders for long-lasting U.S.-made manufactured goods surged a much bigger-than-expected 5.9 percent in July, the biggest gain since September.
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Sales of existing U.S. homes rose unexpectedly to a record high in November and prices surged as low mortgage rates fueled home-buying, a trade association report showed on Wednesday.
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The price of goods imported into the United States in November rose 0.2 percent, slightly more than expected, a Labor Department report showed on Thursday, as increases in non-petroleum prices hit a 10-month high.
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Retail sales rose a strong 1.2 percent in November, but producer prices posted their biggest gain in 34 years, offering a reminder that rising costs are weighing on the economy.
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America's trade deficit rose to its second-highest level of the year as the price of imported crude oil jumped and demand for Chinese products remained strong despite recalls of tainted products.
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Wholesale prices and retail sales jumped in November and jobless claims fell last week.
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US retail sales rose by more than expected in September, easing worries that growth in the world's top economy is in danger of slowing down.
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Wholesale prices shot up 3.2 percent in November, the biggest jump in 34 years, propelled by gasoline prices. Meanwhile retail sales rose by the largest amount in six months.
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U.S. retail gasoline prices rose to  the highest level in more than a month and diesel fuel costs  increased for the first time in three weeks, the Energy  Department said on Tuesday.
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A surprisingly big climb in U.S. retail sales in September and a larger-than-expected gain in underlying producer prices bolstered hopes for an economic revival and views the Federal Reserve will keep raising interest rates.
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A large climb in September U.S.  retail sales and bigger-than-expected gains in underlying  producer prices boosted hopes for stronger growth and bets that  the Federal Reserve will continue to raise interest rates.
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America&#39;s trade deficit swelled to an all-time high of $55.5 billion in October as imports -- including those from China -- surged to the loftiest levels on record.
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Higher prices for oil and food powered the rise in import prices, while export prices increased 1.2 percent, the largest rise since January 1989, the government said.