World Week Ahead: Eyes on US consumer

Sun, 08 Jun 2014

By Margreet Dietz June 9 (BusinessDesk) - The American consumer is expected to confirm the picture of a US economy gathering momentum in its recovery. A report due Thursday is expected to show retail sales in the world’s biggest economy climbed 0.6 percent in May, accelerating again from a 0.1 percent gain in April, according to a Reuters survey. The latest US government jobs data, released on Friday, bolstered optimism that the pace of recovery is sustainable. Employers added a net 217,000 workers in May, following a revised 282,000 i...

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