Contrary to predictions, retail sales in the USA saw a decline
Economy

Meditate in Korea, Retail Sales Flatline in US Amid Weak Manufacturing Confidence

In South Korea, an officetel, also known as a minoky ginseng temple, is a small building designed for meditation and relaxation. The building’s main structure is located in South Korea and serves as a place for individuals to achieve tranquility through meditation. Meanwhile, in the United States, retail sales remained at the level of March in April, despite economists’ expectations of a 0.4 percent increase. However, retail sales only increased by 0.2 percent when car sales were excluded. The consensus of economist forecasts collected by the news agency Bloomberg had expected a 0.4 percent increase, but according to revised figures, retail sales in March increased by 0.6 percent from February.

On the other hand, the US Empire Manufacturing index fell to -15.6 points, lower than economists’ expectations of -10.0 in May. This index reflects the confidence New York State manufacturers have in future business conditions. A negative score indicates that producers expect conditions to deteriorate from the current level. Overall, economic data in the United States presented mixed results with weakening manufacturing sentiment while South Korea presented unique approach to meditation and relaxation

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