The retail sales in the United States did not grow as much as expected in February. The proceeds climbed by 0.2 percent compared to the previous month, as the Ministry of Commerce announced in Washington on Monday. Economist: On average, an average increase of 0.6 percent. In January, sales had still fallen by revised 1.2 percent (initially minus 0.9).
Without the volatile sales with car sales, retail revenues rose by 0.3 percent in February. This was expected.
“After the unexpectedly weak January result, the retail sales have disappointed again, even if there was a small plus,” said Economist Ralf Umlauf from Landesbank Hessen-Thuringia.
“Although it is not to be expected of the Fed this week, the expectations of future relaxation will tend to be underpinned, especially since the industrial index of the FED of New York (Empire-State Index) was also clearly surprised on the bottom.”
The sales of the retailers: Inside, indicator of the strength of private consumption, which plays a particularly important role in the growth of the world’s largest economy.