Interpretation of the United States in May macroeconomic data.

<P> 1% in the first quarter of economic growth: While the beginning of weak growth, but ultimately the U.S. economy avoid a recession, but the next few months the trend is still shrouded in clouds below. .</ P> <P> leading index rose 0.1%: The leading index to reveal the future direction of the economy, its growth for two consecutive months shows that, although the status of the U.S. economy relatively weak, but the future economic situation may improve. .</ P> <P> budget deficit widened to $ 165 930 000 000: In the Government be paid to the individual tax rebates of about 48 billion U.S. dollars, the U.S. budget deficit in May expanded to 165.93 billion U.S. dollars, representing a 145% increase over the same period of fiscal year, to have history .the highest level since the month, fiscal and trade deficits the U.S. economy is still troubled by two major problems. .</ P> <P> Price: </ P> <P> consumer price index (CPI) rose 0.6%: the surge in energy prices and under the influence of air freight, consumer prices rose sharply, however, non-energy prices remain .are well controlled, showed that rising oil and food prices have not yet spread to the broader economy. .</ P> <P> producer price index (PPI) rose 1.4%: PPI rise to highest level in six months, showing that inflation remains a threat, and ultimately will be passed on to consumers. .</ P> <P> import prices rose 2.3%: May import prices rose 2.3% last month, soaring 17.8% over the same period for the September 1982 release of the data for the first time since the largest increase, indicating the growing surge .oil prices and the weak dollar is intensifying inflationary pressures. .</ P> <P> Industry: </ P> <P> factory orders rose 0.6%: Although the U.S. May factory orders rose 0.6%, in line with expectations, but analysts said this was mainly due to higher oil prices caused. .The record energy prices, tightening credit standards and slowing sales growth is prompting American companies to buy less equipment. .</ P> <P> 6 月 ISM manufacturing index rose to 50.2 points the economy: the United States in June manufacturing index four 个月来首次 over 50, reflecting the expansion of manufacturing activity, but it faces price pressure is 1979 .In the highest level since July. .</ P> <P> in the first quarter nonfarm productivity rose 2.6%: American in the first quarter of weak productivity in the economy is still a steep rise in cases, indicating that the company through layoffs and reductions in active work to address the situation of weak demand. .</ P> <P> consumption: </ P> <P> consumer spending rose 0.8%: U.S. May consumer spending growth rate to double in April, not only after-tax disposable income in nearly the biggest increase in 33 years .personal savings rate has increased significantly, indicating the U.S. government's tax rebate policy effective, however, may be only a temporary effect of tax rebate. .</ P> <P> retail sales increased by 1%: strong growth in retail sales in May that the U.S. government's tax rebate policy to stimulate the economy or constitute a certain boost to the consumer, but because of rising oil and food prices, .This situation may not last. .In the tax return, the credit markets, the real estate market, the weaker labor market and inflation remains a greater pressure to the economy. .</ P> <P> 6 consumer confidence index fell to 50.4 at first: the U.S. economy Council in June from the May consumer confidence index plummeted 50.4 to 58.1 for February 1992 the lowest since the same time in the history of .five low, which means consumers will cut spending. .</ P> <P> Employment: </ P> <P> unemployment rate rose to 5.5%: in May the unemployment rate reached 22 years, the largest monthly gain, indicating that the already burdened by soaring house prices crash and gasoline prices .American consumers are also facing a weak job market caused by increasing pressure. .</ P> <P> property: </ P> <P> housing starts fell 3.3%: May housing starts fell 3.3% to an annual rate of 97.5 million units, indicating that builders are still on the housing market prospects .depression, the source of the weak U.S. economy still not been resolved. .</ P>.