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
KSH: retail turnover in November exceeded the same period of the previous year by 4.1 percent and the previous month by 0.6 percent
In November 2024, the volume of retail trade turnover increased…
Read more >NGM: Public confidence is apparently starting to return
The government is working to improve the economy so that…
Read more >Fidelity Outlook 2025: The US is ready for reflation
The Republicans’ landslide victory in the November election has significantly…
Read more >