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U.S. retail sales reportedly continue to increase

U.S. retail sales rose broadly in March, with consumer spending in a variety of merchants, although the condition of high gasoline prices and unemployment. Wall Street continues to monitor the retail sales data in the U.S. You can see how consumers spend their money, an important part of the U.S. economy.

U.S. retail and food service sales increased by 0.4% from the previous month to $ 389.32 billion, the Commerce Department said Wednesday. It was the ninth monthly gain in a row.

Housing-related sales are very strong. But weakening demand for retail car sales overall, with the increase of 0.4% below expectations. Economists surveyed by Dow Jones Newswires estimated increase of 0.5% in March for retail sales. However, large gains in sales in February were revised slightly higher, an increase of 1.1% from 1.0% previously forecast.

But high unemployment in the U.S. and is expected to remain so for some time. While consumers can save a little more the advantages their salaries because the laws while cutting income-tax. However, they have to spend more money to buy. With higher oil prices, the dollar value of sales gas station last month jumped by 2.6%, after rising 2.4% in February.

Meanwhile, sales of cars and spare parts sales fell by 1.7%, after rising by 1.0% in February. Excluding automotive, retail sales last month rose 0.8%, in accordance with expectations. Used car sales in February rose 1.1%. Meanwhile, non-store retailers, which include Internet sales, fell by 0.3%.

Short URL: http://www.usnews9.com/?p=6731

Posted by on Apr 14 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.
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