About: http://data.cimple.eu/news-article/8c6bbb17406a866454111b0ed00a103995812708cccd769172a946d4

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/8c6bbb17406a866454111b0ed00a103995812708cccd769172a946d4 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	US consumers resumed buying autos in January and took advantage of mild weather to boost purchases of building materials, pushing up overall retail sales, according to government data released Friday. Amid a steady job market, American consumers continued their spending across most sectors including autos, groceries and furniture, though gasoline sales did fall amid falling global oil prices. Total retail sales for December rose 0.3 percent as expected to $529.8 billion, seasonally adjusted, the Commerce Department reported. The gain was the same even when excluding vehicles and parts. That put total sales up 4.4 percent over January 2019, according to the data. Sales of building materials and gardening supplies surged by 2.1 percent in January, likely thanks to milder weather that kept away the snowstorms and freezing temperatures in much of the country that usually hampers construction in the winter. Automotive sales grew 0.2 percent, recovering from the sharp 1.7 percent drop in December, while food services grew 1.2 percent and furniture 0.6 percent. The clothing sector showed the strains of growing competition from online shopping, contracting by 3.1 percent compared to the prior month and recording no growth compared to January 2019. Gasoline and personal care items also fell sharply, while online retailers saw a 0.3 percent gain, and are up 8.4 percent over the past year. "US households started the new decade with cautious enthusiasm as still-solid wage growth and elevated confidence continued to fuel spending in January," Oxford Economics said in an analysis. But sales could be poised to slow thanks to uncertainty from the novel coronavirus outbreak in China and a predicted slowing of the US economy's expansion. "With wage growth firmly anchored around three percent and employment growth cooling, consumer spending will continue to gradually cool this year," Oxford Economics said. cs/hs
schema:headline	Boost in autos, construction raise US retail sales in new year
schema:mentions	Online shopping Gasoline University of Oxford United States China Severe acute respiratory syndrome coronavirus 2 Price of oil United States Department of Commerce
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software