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In June, Personal Consumption Expenditure In The United States Increased By 5.6% Month On Month

2020/8/12 20:32:00 0

Us June Personal Consumption Expenditure

U.S.A Personal consumption expenditure rose by 5.6% month on month in June

According to the data released by the US Department of Commerce on July 31, the U.S. personal consumption expenditure (PCE) rose by 5.6% month on month in June, with an expected growth of 5.4% and an increase of 8.5% in May, according to the data released by the US Department of Commerce on July 31. Over the same period, personal income fell by 1.1% month on month and is expected to decline by 0.6%, compared with a 4.2% decline in June.

Over the same period, the PCE price index rose 0.4% month on month in June, in line with expectations, up 0.1% in May, 0.8% year-on-year, lower than the expected 0.9%, and 0.5% in May. Excluding energy, the price of PCE is expected to rise by 1.0% on a month-on-year basis, which is 1.0% higher than expected in the month, which is in line with the expected rise of 1.0% month on month (PCE) and food price.

Some market participants said that PCE grew for the second consecutive month in June, laying the foundation for a rebound in consumption in the third quarter. However, there is still great uncertainty, and the recovery may be restrained by the increase of new cases of pneumonia and the end of unemployment relief measures.

The US trade deficit in goods and services narrowed to US $50.7 billion in June

According to the data released by the US Department of Commerce on August 5, the US trade deficit in goods and services narrowed to US $50.7 billion in June, which is expected to be US $50.2 billion and US $54.6 billion in May. Among them, the trade deficit in goods narrowed to US $72.2 billion, and the trade surplus in services expanded to US $21.5 billion.

In June, US exports of goods and services increased to US $158.3 billion, compared with us $144.5 billion in May, while imports increased to US $209 billion and US $1991 billion in May. Among them, exports of goods increased by 13 billion US dollars to 102.9 billion US dollars, and imports increased by 9 billion US dollars to 175 billion US dollars.

Market analysts said the US trade deficit narrowed in June, mainly because exports rebounded after falling for several consecutive months, indicating that global demand improved after the epidemic was suppressed.

Euro zone CPI rose 0.4% year on year in July

From the main components, the prices of food, tobacco and alcohol rose by 2.0% year-on-year, lower than 3.2% in June; service prices rose by 0.9%, lower than 1.2% in June; the prices of non energy industrial products increased by 1.7%, higher than 0.2% in June; energy prices decreased by 8.3% year-on-year, and decreased by 9.3% in June.

Euro zone retail sales rose 5.7% month on month in June

Australia's trade surplus and services expanded to a $6.2 billion in June

According to data released by the Australian Bureau of statistics on August 4, Australia's trade surplus in goods and services in June expanded to a $8.2 billion, with an expected increase of a $8.8 billion, and a surplus of a $8 billion in May.

In June, Australia's exports increased to a $36.2 billion, up 3.5% month on month, and fell 6.7% in May; the import volume increased to a $28 billion, an increase of 1.3%, and a decrease of 6.7% in May.