Retail sales, import prices surge
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Retail sales rose more than twice as much as expected in May, while import prices surged, adding to recent data suggesting the U.S. economy is recovering strongly after a slowdown in the first quarter.
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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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Heavy price cuts help deliver a stronger than expected rise in UK High Street sales, official figures show.
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The price of goods imported into the United States in November rose 0.2%, 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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America'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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Both IDC and Gartner reported worldwide shipments of PCs were up strongly in the second quarter, thanks to surge in demand in the Far East and surprisingly brisk sales in the US.
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U.S. retail sales jumped a more-than-expected 1.2 percent in December, the government said on Thursday, as car dealers, furniture stores and on-line retailers reported strong sales.
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Retail sales in Britain jumped higher in November, driven by online and mail order shopping, official data showed Friday.
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US retail sales leapt 1.0 percent in November, the Commerce Department said in a report showing much stronger-than-expected consumer spending.
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Commodities rise to record levels on demand, dollar depreciation.
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FEARS of a slump in consumer spending were blown away yesterday as official figures recorded a surprise sales jump and two of the country&#39;s biggest retail chains unveiled strong trading performances.
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U.S. retail sales jumped a  larger-than-expected 1.2 percent in December as lower gas  prices left shoppers with more cash to spend, while cheaper oil  also pulled down import prices more than anticipated,  government reports showed on Thursday.
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New orders for long-lasting  U.S.-made manufactured goods rose by a much  bigger-than-expected 5.2 percent in December and a key gauge of  business spending also surged, a Commerce Department report  showed on Tuesday.
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Consumer inflation surged by the largest amount in more than two years in November, led by a huge jump in gasoline prices.
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Inflation at the wholesale level surged by the largest amount in more than three decades in November, reflecting higher prices for gasoline and a host of other items.
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U.S. stocks surged on Thursday, with the Dow hitting a record on its biggest point gain since 2002, after healthy retail sales reassured investors about consumer spending and a $38 billion mining takeover fed expectations for more deals.
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As expected, stronger overseas growth and a weaker dollar boosted exports to a record and higher oil prices helped lift imports to an all-time high, a government report showed.