Low rise for weakening retail demand

Low rise for weakening retail demand

However, the forecasts indicated a 0.8 percent advance paragraph, responsible for 30 percent of consumer spending, the company said.

Higher prices for gasoline also explained some of the increase in retail sales while the overall tone of the report was mixed, with declines in construction.The experts stressed that these data add to signs of slowing economic growth, which could give ammunition to the U.S. Federal Reserve (Fed) to begin reducing its monetary stimulus later this year.

A slower domestic demand and weak trade data and manufacturing, are known at a time when the Fed debate about reducing the amount of 85 billion dollars in bonds to purchase each month to keep borrowing rates low and stimulate the economy, they said.

The Commerce Department recently reported that gross domestic product (GDP) in the United States grew in the first quarter at an annual rate of 1.8 per cent, lower than expected due to a decrease in consumer spending representing more than two thirds of GDP.

The data showed that households reduced their spending on travel, legal services, personal care and health care.

The government estimates that the progress of the whole of 2013 to be between 2.3 and 2.6 percent.

Wendy Wayne

Wendy Wayne is a passionate writer at Order6Online.com, sharing her expertise in jewelry, shopping, retail, and wholesale trends. With a friendly yet professional tone, Wendy crafts articles that provide practical tips, valuable insights, and inspiration for readers who love exploring the world of style and business. Whether you're shopping for unique pieces or navigating the wholesale market, Wendy’s posts are here to guide you. Dive into the blog and uncover more ways to enhance your knowledge and make smarter choices!

Post Comment