Trademagazin > News and articles > Market News > Decrease in retail sales in the world's largest economy
Decrease in retail sales in the world's largest economy
After eleven months, retail sales fell again in the United States. The trade ministry reported that the volume fell a monthly 0.2 percent, while analysts expected value of -0.7 percent.
According to the communication of the U.S. Commerce Department; retail sales declined slower than expected in May by 0.2 percent to 378.1 billion dollars.
The turnover decrease is partly due to the weakening demand in cars, partly because of the rising fuel prices – reports portfolio.hu.
Related news
More related news >
Related news
The Hungarian Food Bank Association’s Christmas campaign starts on Friday
From Friday to Sunday, as part of the Food Bank’s…
Read more >Márton Nagy: inflation remains at a low level
In accordance with preliminary government indications, inflation remained at a…
Read more >NAV: the public should only order from reliable, well-known online stores
The National Tax and Customs Administration (NAV) advises the public…
Read more >