- August total retail sales +0.1% (+2.1% y/y), the third m/m gain in four months.
- Ex-auto sales up 0.1%, while auto sales down 0.1%.
- Rebounds in miscellaneous store sales (+1.7%) and nonstore retail sales (+1.4%).
- Declines in gasoline sales (-1.2%) and electronics & appliance store sales (-1.1%).
Introducing
Winnie Tapasanun
in:Our Authors
Winnie Tapasanun has been working for Haver Analytics since 2013. She has 20+ years of working in the financial services industry. As Vice President and Economic Analyst at Globicus International, Inc., a New York-based company specializing in macroeconomics and financial markets, Winnie oversaw the company’s business operations, managed financial and economic data, and wrote daily reports on macroeconomics and financial markets. Prior to working at Globicus, she was Investment Promotion Officer at the New York Office of the Thailand Board of Investment (BOI) where she wrote monthly reports on the U.S. economic outlook, wrote reports on the outlook of key U.S. industries, and assisted investors on doing business and investment in Thailand. Prior to joining the BOI, she was Adjunct Professor teaching International Political Economy/International Relations at the City College of New York. Prior to her teaching experience at the CCNY, Winnie successfully completed internships at the United Nations. Winnie holds an MA Degree from Long Island University, New York. She also did graduate studies at Columbia University in the City of New York and doctoral requirements at the Graduate Center of the City University of New York. Her areas of specialization are international political economy, macroeconomics, financial markets, political economy, international relations, and business development/business strategy. Her regional specialization includes, but not limited to, Southeast Asia and East Asia. Winnie is bilingual in English and Thai with competency in French. She loves to travel (~30 countries) to better understand each country’s unique economy, fascinating culture and people as well as the global economy as a whole.
Publications by Winnie Tapasanun
- USA| Sep 17 2024
U.S. Retail Sales Unexpectedly Increase in August
- USA| Sep 05 2024
U.S. ISM Services PMI Continues to Rise in August
- 51.5 in August vs. 51.4 in July, higher than expected; 0.2 pts. below the 12-month avg. of 51.7.
- Business Activity (53.3, the 50th expansion in 51 mths.), New Orders (53.0, the 49th expansion in 51 mths.), Employment (50.2, the second straight expansion), and Supplier Deliveries (49.6 vs. 47.6).
- Prices Index rises 0.3 pts. to 57.3, remaining above 50 since June ’17.
- USA| Sep 03 2024
U.S. Construction Spending Unexpectedly Falls in July; First M/M Drop Since Oct. ’22
- July construction spending -0.3% m/m (+6.7% y/y); June and May revised up.
- Residential private construction -0.4% m/m, led by a 1.9% decrease in single-family building.
- Nonresidential private construction -0.4% m/m, the first monthly decline since March.
- Public sector construction +0.1% m/m, led by a 0.2% rebound in nonresidential public building.
- 46.1 in August vs. 45.3 in July; 3.2 pts. above the year-to-date average of 42.9.
- Four of the five subindexes remain below 50.
- Production (47.9, the 7th contraction in 8 mths.), New Orders (45.1, the 11th contraction in 12 mths.), Employment (39.5, the 9th straight contraction and a 3-month low), Order Backlogs (33.6, the lowest since May), and Supplier Deliveries (58.7, the highest since Oct. ’22).
- Prices paid index jumps 10.2 pts. to a three-month-high 66.0.
- USA| Aug 29 2024
U.S. Goods Trade Deficit Widens to $102.66 Billion in July
- Largest goods trade deficit since May ’22 and larger than expected.
- Exports hold steady m/m after a 2.7% June rebound.
- Imports rise 2.3% m/m, the third monthly increase in four months.
- June FHFA HPI -0.1% (+5.1% y/y, lowest since July ’23) vs. +0.04% (+5.9% y/y) in May.
- House prices drop m/m in seven of nine census divisions but rise in East South Central (0.7%) and South Atlantic (0.3%).
- House prices up y/y in all of the nine regions, w/ the highest rate in Middle Atlantic (7.7%).
- USA| Aug 13 2024
U.S. NFIB Small Business Optimism Index Rises in July to the Highest Level Since Feb. ’22
- NFIB Small Business Optimism Index up 2.2 pts. to 93.7 in July.
- Business conditions in the next six months up 18 pts. to -7%, the highest level since Nov. ’20.
- Expected real sales improve 4 pts. to a 7-month-high -9%, still indicating pessimism.
- Inflation (25%) remains top business problem, followed by Quality of Labor (19%).
- 51.4 in July vs. 48.8 in June, higher than expected; 0.5 pts. below the 12-month avg. of 51.9.
- Business Activity (54.5, the 49th expansion in 50 mths.), New Orders (52.4, the 48th expansion in 50 mths.), Employment (51.1, the first expansion since January), and Supplier Deliveries (47.6 vs. 52.2).
- Prices Index rises 0.7 pts. to 57.0, remaining above 50 since June ’17.
- USA| Aug 01 2024
U.S. Construction Spending Unexpectedly Drops in June; Down for the Second Straight Month
- June construction spending -0.3% m/m; +6.2% y/y, the lowest since July ’23.
- Residential private construction -0.3% m/m, led by a 1.2% decrease in single-family building.
- Nonresidential private construction -0.1% m/m, the fourth m/m decline in five months.
- Public sector construction -0.4% m/m, reflecting m/m drops in both residential & nonresidential public buildings.
- PHSI +4.8% in June vs. -1.9% in May; the first m/m rise since March.
- Home sales gain m/m in all four regions, w/ the highest m/m rate in the South (6.3%)
- Home sales decrease y/y in the Northeast, Midwest and South, but rebound y/y in the West (1.0%).
- USA| Jul 30 2024
U.S. FHFA House Prices Virtually Unchanged M/M in May
- May FHFA HPI -0.03% (+5.7% y/y, lowest since July ’23) vs. +0.3% (+6.5% y/y) in April.
- House prices up m/m in five of nine census divisions, w/ the highest rate in New England (0.3%).
- House prices up y/y in all of the nine regions, w/ the highest rate in New England (9.2%).
- USA| Jul 25 2024
U.S. Durable Goods Orders Unexpectedly Drop in June
- A sharp 6.6% m/m fall in June following four straight m/m rises.
- Nondefense aircraft orders plummet 127.2% m/m.
- Transportation orders plunge 20.5% m/m; excluding transportation, orders rise 0.5% m/m.
- Core capital goods shipments up only 0.1% m/m vs. a 0.7% May decline.
- Durable goods shipments up, unfilled orders down, and inventories unchanged.
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