The US retail trade started the year with a surprisingly strong sales dampers.
In January, retailers’ revenues decreased by 0.9 percent, as the Ministry of Commerce announced in Washington on Friday. Analyst: On average, an average of only one minus expected 0.2 percent. Economist: Inside, the weak performance explained, among other things, with increasing consumers: internal prices.
According to Ralf Umlauf, Analyst at the Landesbank Hessen-Thuringia (Helaba), a strong decline in car sales at the beginning of the year ensured the overall disappointing development.
However, sales were unexpectedly weak even without the volatile sales with car sales in January. In this consideration, the ministry reported a sales damper by 0.4 percent. However, an increase of 0.3 percent was expected on the market.
The sales of the retailers: inside the financial markets are greatly observed. They are considered an indicator of the strength of consumption, which traditionally plays a particularly important role in growth in the world’s largest economy.