A surprising reduction in the U.S. retail market
U.S. retail sales unexpectedly showed a decrease of 1.2 percent in May, while the earlier data was revised from a 0.4 percent increase to 0.6 percent. Expectations were about a 0.2 percent increase.
Surprisingly, the car sales also fell by 1.7 percent, calculated on dollar value, so without the cars a similar 1.1 percent decrease was observed after the revised 0.6 percent monthly increase.
Decrease has not been recorded since September last year, but the weaker retail datas cause concern in relation of the booming economy – reports tozsdeforum.hu.
Related news
Related news
Sharp price competition and challenges in the Hungarian food industry
Serious price competition has developed on the Hungarian food market,…
Read more >Hungarian customers want a stress-free Christmas: they shop online in advance and spend over HUF 100,000 on gifts
Hungarians plan to spend more than HUF 100,000 on Christmas…
Read more >The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >