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
Anora Group’s expansion in the Baltic region
In order to strengthen its position in the Baltics, premium…
Read more >Prices rose by 3.7% in November
Following a 3.2% year-on-year increase in October, consumer prices in…
Read more >KSH: in November consumer prices exceeded the same monthly values of the previous year by 3.7 percent
In November, consumer prices exceeded those of a year earlier…
Read more >