Macro Update - Demand again hurt growth, CPI concerns
  • 2013-08-06T00:00:00
  • Macroeconomics
Weak income and high unemployment rate still discouraged consumer spending, reflected by flat retail sales and industrial production index growth at 12% and 5.2% this month respectively. The focus of investors these days is CPI. July CPI edged up to 7.3 yoy, raising concern on CPI especially when health services cost, electricity and food prices increased in the back-to-school season.