The sales in US retailers rose significantly more than expected in June. The proceeds increased by 0.6 percent compared to the previous month, as the Ministry of Commerce announced in Washington on Thursday. Undernwirt: On average, only an increase of 0.1 percent expected an average. In the previous month, sales had fallen 0.9 percent.
Without the volatile sales with vehicle sales, retail revenues rose by 0.5 percent. A growth of 0.3 percent was forecast here. The sales of the retailers: Inside, indicator of the strength of private consumption, which plays a particularly big role for the growth of the United States.
“Economic worries are probably not fueled with the numbers,” commented Ulrich Wortberg, analyst at Helaba. He also refers to the significant increase in the Philadelphia Fed inex and the reverse decline in initial applications. Both data were published at the same time as the sales sales.
“All numbers surprise positively and so the US Federal Reserve is not under pressure to lower the key interest rates quickly and clearly,” commented Wortberg. “The interest reduction fantasy should be steamed.”