A drop in US retail sales

The US retail trade turnover suffered an unexpected setback in June – portfolio.hu wrote. While the market expected a 0.2 percent expansion on a month per month basis, according to the actual figures sales fell by 0.3 percent.

The monthly rate decrease of 0.3 percent is the worst data since February. In addition to the negative data in the June, the May data was also amended down from +1.2 percent to +1.0 percent.

Without car sales, gasoline, building materials and restaurant services, the retail sales dropped by 0.1 percent in June, compared to May, when a +0.7 percent increase occured. (portfolio.hu)