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.
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