The American Consumer is increasingly opening cautiously its wallet
The latest economic data of the U.S.A. tend to suggest that the American consumer is willing to spend more in the second half of 2013 than in the first half. Other official data reveals that the American economy is slightly picking up but the consumer remains highly price sensitive
In August 169000 jobs were newly created. Imports were up 1.6 % as against July, sustained by strengthening domestic demand for industrial supplies and consumer products. On the other hand exports were 0.6 % lower in July than in June. Market experts however estimate stronger exports over the next months and will help to offset the hit to economic growth from rising imports. Of course the better climate in the EU is also helpful, as well as the increased to North and South America. Morgan Stanley forecast that imports will rise by 6 percent, while exports will rise by 5 % in 2013.
The American car marked is peaking again thus also the imports of automotive vehicles, parts and motors were up to USD 26.5 billion in July.