Flat Retail Sales Report Shows 'A More Discerning Consumer' Keeps Spending, Economists Say
Flat Retail Sales Report Shows 'A More Discerning Consumer' Keeps Spending, Economists Say
June's U.S. retail sales report indicates that increasingly careful consumers are still opening their wallets, despite a stagnant reading on Tuesday, economists say.
美國6月的零售銷售報告顯示，儘管週二的數據表現不佳，但經濟學家表示，越來越謹慎的消費者仍在打開他們的錢包。
U.S. retail sales remained flat in June, falling from an upwardly revised 0.3% growth in May to zero growth and matching the forecasted flat reading, according to preliminary estimates issued on Tuesday.
根據週二發佈的初步估計數據，6月美國零售銷售保持不變，從5月上修的0.3％增長下降至0％增長，並與預測的平穩數據相匹配。
"A more discerning consumer continues to spend," Quincy Krosby, chief global strategist for LPL Financial, said on Tuesday.
LPL Financial首席全球策略師昆西·克羅斯比（Quincy Krosby）週二表示：“更加理智的消費者仍在消費。”
"This morning's retail report — coupled with positive revisions — suggests that the all-important U.S. consumer, while increasingly discerning regarding purchases, continues to spend at a resilient pace."
她還指出，與積極的修訂結合在一起的今早的零售報告表明，儘管在購買方面越來越審慎，但至關重要的美國消費者仍以有彈性的速度消費。
She also noted that Treasury yields inched higher on the favorable print, but equity futures remain positive.
她還指出，美國國債收益率在有利的數據發佈後略微上漲，但股票期貨仍然保持積極態勢。
"This report doesn't negate expectations that the Fed will cut rates at its September 18 meeting, unless of course inflation-related data releases indicate an uptick in prices," she said.
她說：“這份報告並不是否定聯儲局將在9月18日的會議上降息的預期，除非通脹相關的數據發佈表明價格有所上漲。”
"Today's report should be positive for markets as investors prefer the launch of a Fed easing cycle to begin with a still solid economic backdrop," Krosby added.
昆西·克羅斯比（Krosby）補充道：“今天的報告對市場來說應該是積極的，因爲投資者傾向於以仍然健康的經濟背景啓動Fed的寬鬆舉措。”
Also Read: US Stocks Mixed; Retail Sales Increase 0.1% In May
另請參閱：美國股市漲跌互現； 5月零售銷售增加0.1%
June Retail Sales Report: Key Highlights
6月零售銷售報告：主要亮點
- On a year-over-year basis, retail sales rose by 2.3% in June, slowing from an upwardly revised 2.6% in May.
- Excluding motor vehicle and parts, retail sales increased by 0.4% month-over-month, up from 0.1% in May and topping the expected 0.1%, according to TradingEconomics data.
- Excluding gasoline, motor vehicle and parts, retail sales rose 0.8% month-over-month in June, beating expectations of 0.2% growth and advancing from an upwardly revised 0.3% gain in May.
- Among different spending categories, the largest monthly increases were seen in nonstore retailers, with a 1.9% rise, followed by building material, garden equipment and supplies dealers, up 1.4%.
- The largest monthly drops were seen in gasoline stations, down 3%, and motor vehicle and parts dealers, down 2%.
- 以同比基礎計算，6月零售銷售增長了2.3％，從5月上修的2.6％放緩。
- 根據TradingEconomics數據，除汽車及其配件外，6月零售銷售環比增長0.4％，高於5月的0.1％，並超過了預期的0.1％。
- 不計算汽油，汽車及其配件，6月零售銷售環比增長0.8％，超過0.2％增長的預期，並從5月的上修0.3％增長。
- 在不同的消費類別中，非實體零售商的月度增長最大，增長了1.9％，其次是建材，園藝設備和用品經銷商，增長1.4％。
- 汽油站下降了3％，汽車及其配件經銷商下降了2％。
"Consumers are pulling back on some items but they still show signs of resilience," Jeffrey Roach, chief economist for LPL Financial, said on Tuesday.
LPL Financial首席經濟學家傑弗裏·羅奇（Jeffrey Roach）週二表示：“消費者正在暫停購買某些物品，但仍顯示出強大的恢復能力。”
"Investors will get a better picture on the consumer in the upcoming personal income and spending release later this month. So far, those consumers who experienced strong real income growth continue to support the economy with their insatiable appetite to spend," Roach added.
羅奇補充說：“投資者將在本月晚些時候發佈的個人收入和支出數據中更好地了解消費者的情況。到目前爲止，那些經歷了實際收入增長的消費者繼續通過他們的無止境的消費支持着經濟。”
Price Action: Major retailers made modest gains on Tuesday morning. Walmart Inc. (NYSE:WMT) edged up 0.42% to $69.92, while Amazon.com, Inc. (NASDAQ:AMZN) gained 0.79% to $194.24 and The Home Depot Inc. (NYSE:HD) was up 1.81% to $365.03.
股價表現：週二上午，主要零售商的股價都有小幅上漲。 沃爾瑪（NYSE：WMT）漲0.42％至69.92美元，而亞馬遜（NASDAQ：AMZN）上漲0.79％至194.24美元，家得寶公司（The Home Depot Inc.）（NYSE：HD）上漲1.81％至365.03美元。
Exchange-traded funds that track Walmart, the world's largest retailer, were up following the retail sales report. The Consumer Staples Select Sector SPDR Fund (NYSE:XLP) gained 0.45% as the Vanguard Consumer Staples Index Fund ETF Shares (NYSE:VDC) gained 0.83%.
以零售銷售爲目標的交易所交易基金（ETF）追蹤世界最大零售商沃爾瑪，週二零售銷售報告發布後上漲。消費者日常用品選擇板塊SPDR Fund（NYSE：XLP）上漲0.45％，而先鋒消費者板塊指數基金ETF股票（NYSE：VDC）上漲0.83％。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。