{"id":37718,"date":"2022-11-16T16:04:00","date_gmt":"2022-11-16T16:04:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=37718"},"modified":"2022-11-18T14:16:28","modified_gmt":"2022-11-18T14:16:28","slug":"market-wrap-retail-sales-surge","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-retail-sales-surge\/","title":{"rendered":"Market Wrap – Retail Sales Surge"},"content":{"rendered":"\t\t
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Markets are mixed after a strong set of retail sales figures but a soft set of Industrial production numbers. This set about a down move in stocks and slight US dollar<\/a> strength.<\/p>

United States retail sales in the US surged 1.3% month-over-month in October of 2022, he strongest increase in eight months, after a flat reading in September and beating market forecasts of a 1% gain.<\/p>

Sales at motor vehicle dealers were up 1.3% as supply chain constraints have been easing while rising gasoline<\/a> costs pushed sales at gasoline stations 4.1% higher. Excluding gasoline and autos, retail sales were up 0.9%.<\/p>

Other increases were also seen for sales at food services and drinking places (1.6%); food and beverages stores (1.4%); nonstore retailers (1.2%); furniture (1.1%); building materials (1.1%); and health and personal care (0.5%). Retail sales aren\u2019t adjusted for inflation.<\/p>

On the other hand, sales were down for electronics (-0.3%); sporting goods, hobby, musical and books (-0.3%); and at general merchandise stores (-0.2). October data pointed to resilient consumer spending, despite high inflation and rising borrowing costs hitting consumer demand.<\/p>

Meanwhile, US industrial production in the US decreased by 0.1% mom in October of 2022, after a 0.1% increase in September and missing market expectations of a 0.2% gain as higher interest rates and prices weighed on demand.<\/p>

Manufacturing output went up 0.1%, below expectations for a 0.2% increase mostly supported by durable goods (0.5%). Within durables, increases of at least 1.5% were recorded by electrical equipment, appliances, and components; aerospace and miscellaneous transportation equipment; and motor vehicles and parts.<\/p>

At the same time, nondurable manufacturing fell 0.3% as gains for printing and support, plastics and rubber products, and apparel and leather products were offset by losses in petroleum and coal products, textile and product mills, and paper.<\/p>

Finally, mining was down 0.4%, and utilities fell 1.5%. Meanwhile, the capacity utilization rate decreased by 0.2 pp to 79.9%, a rate that is 0.3 pp above its long-run average.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Markets are mixed after a strong set of retail sales figures but a soft set of Industrial production numbers. This set about a down move in stocks and slight US dollar strength. United States retail sales in the US surged 1.3% month-over-month in October of 2022, he strongest increase in eight months, after a flat […]<\/p>\n","protected":false},"author":4,"featured_media":37720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[327,67,199],"yoast_head":"\nMarket Wrap - Retail Sales Surge - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-retail-sales-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Retail Sales Surge Market Wrap - Retail Sales Surge\" \/>\n<meta property=\"og:description\" content=\"Markets are mixed after a strong set of retail sales figures but a soft set of Industrial production numbers. 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