wrapper

U.S. Retail Sales Rebound in Sign Consumer Weakness Fading

Monday, Apr 16 2018
U.S. Retail Sales Rebound in Sign Consumer Weakness Fading

U.S. retail sales rose by more than expected in March in the first gain in four months, suggesting consumer demand regained steam on the back of tax cuts and refunds. Receipts advanced 0.6 percent following a 0.1 percent drop in the previous month, according to Commerce Department figures released Monday. That compared with the median estimate of economists for a 0.4 percent increase. So-called retail control-group sales, which are used to calculate gross domestic product and exclude food services, auto dealers, building-materials stores and gasoline stations, gained 0.4 percent, matching estimates.

The improvement in demand went beyond a bump in auto sales, as consumers went shopping at furniture and home stores along with electronics and appliance sellers. The results underscore that the declines from December to February were more of a pause following a post-hurricane spending binge. That supports the Federal Reserve’s view that such weakness was transitory, as well as the central bank’s outlook for two or three more interest-rate increases this year following a quarter-point hike in March.

More in this category: « Euro area international trade in goods surplus €18.9 bn More bumps as the German ZEW drops again »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.