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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Prices of goods imported into the United States rose last month for the first time in three months because of an increase in the cost of natural gas purchases.
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WASHINGTON -- Wholesale prices and retail sales jumped in November and jobless claims fell last week.
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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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New orders for long-lasting U.S.-made manufactured goods rose by a much bigger-than-expected 5.2 percent  and a key gauge of business spending also surged, the government reported.
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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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Consumers battered by a multitude of economic woes came roaring back in November, pushing retail sales up by the largest amount in four months.
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The US trade deficit widened to a new high of $55.5 billion in October, boosted by high oil prices and record imports from China as retailers geared up for Christmas.
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Consumers brushed off rising gasoline prices and slumping home sales to storm the malls in May, pushing retail sales up by the largest amount in 16 months.
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WASHINGTON -- Consumers brushed off rising gasoline prices and slumping home sales to storm the malls in May, pushing retail sales up by the largest amount in 16 months.
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Shoppers were out last month, propelling sales at the nation&#39;s retailers by a strong 1.5%, best showing since March. The sizable gain reported by the Commerce Department on Friday came
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ChinaÂs trade surplus with the world ballooned last month to $18.8 billion as exports soared, according to preliminary customs figures.
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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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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, and a business investment gauge posted the first gain in three months, a Commerce Department report showed on Friday.
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Retail sales have risen sharply in the run-up to the key Christmas season, adding to data which suggests the economy is gathering pace and interest rates may rise next year.
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The bond market rallied and a government report on retail sales exceeded economistsâ estimates.