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BBCNEWS Verified Live June 4, 2024 15:32:00

Downgrade. 50 what is driving this potential downgrade- what is driving this potential downurade. ., . ., downgrade. so more reflective of the broader economy. downgrade. so more reflective of the broader economy. we downgrade. so more reflective of the broader economy. we have downgrade. so more reflective of the broader economy. we have other - broader economy. we have other economic data out about retail sales. what does it say? positive news. sales. what does it say? positive news- that sales. what does it say? positive news. that was sales. what does it say? positive news. that was a sales. what does it say? positive news. that was a good sales. what does it say? positive news. that was a good thing - sales. what does it say? positive - news. that was a good thing because consumer activity in the us accounts for two thirds of what powers the american economy and retail sales rose 0.7% last month. compared to the fact economists were expecting something like 0.4% so ....

Positive News , Thing Sales , Consumer Activity , 0 7 , Petrol Prices , Car Prices , 0 4 ,

China's economic recovery fades as services, factory activity show weakness

Momentum from an economic recovery in China early this year has faded further, with activity in the services industry and construction sector dropping to its weakest level since December, according to official data released Friday. ....

Robert Carnell , Li Qiang , People Bank , National Bureau Of Statistics , National Bureau Of Statistics On , Purchasing Manager Index , National Bureau , Capital Economics , Premier Li Qiang , Economic Recovery , Economic Expansion , Manufacturing Sector , Construction Sector , Services Industry , Consumer Activity ,

BBCNEWS World Business Report June 4, 2024 04:53:00

Roblem? , , , problem? yes, absolutely it is havini problem? yes, absolutely it is havin: a problem? yes, absolutely it is having a huge problem? yes, absolutely it is having a huge impact - problem? yes, absolutely it is having a huge impact on - having a huge impact on customers disposable spending and that impacts other areas, where they can choose to spend their discretionary spend left over from wages once we take into account housing costs and energy costs. it does mean consumer activity overall feels lower than you might otherwise expect due to those inflationary pressures on their purses. inflationary pressures on their urses. , ,., inflationary pressures on their urses. , , . purses. and it is so difficult for those purses. and it is so difficult for those in purses. and it is so difficult for those in the purses. and it is so difficult for those in the retail - purses. and it is so difficult| for those in the retail sector where ever they are at selling white, foo ....

Impact Problem , Account Housing Costs , Energy Costs , Retail Sector , Retail Purses , Consumer Activity , Customer Base ,

CNN CNN Newsroom June 4, 2024 14:14:00

Retail sales numbers go higher, they aren t a justed for inflation. you re looking at huge buying of cars, restaurants and bars. this is reopening-type consumer activity. in fact, when you look at those numbers that 3% gain, that is a big month to month gain for retail sales and that s the biggest since march 2021. so this is a blowout report and it shows us that the american consumer in polls keep saying how lousy they feel about things and they re worried about a recession but they are not acting like it at all. they re spending their money and they have the money to spend. we know that minimum wages rose in a whole bunch of states in the month, we know there was an adjustment in the social security checks because of the cost of living increase, almost 9% cost of living increase. millions of social security checks. we know the job market is still really strong here. all of these factors are really holding up the american consumer and as you know the american economy is held up by the ....

Consumer Activity , Sales Numbers , U S , Blowout Report , March 2021 , Social Security Checks , Job Market , Consumer Spending ,