Mediafax (Mediafax)
Macroeconomics  |  September 12, 2010 13:15:06

U.S. retail sales probably rose again in August


Mediafax

WASHINGTON (MEDIAFAX) - Retail sales in the U.S. in August, probably the second month in a row increased, which is mainly for discount retailers. Informed about Bloomberg, with the growth of retail sales may indicate a growth economy.

Sales of U.S. retailers are estimated analysts polled by Bloomberg in August to record growth of 0.3 percent. In July rose by 0.4 percent. Other macrodata expected the U.S. economy should indicate a weakening in industrial production slowdown in inflation.

Consumers, whose purchases make up 70 percent of the total U.S. economy, analysts have used mainly big sales at the end of last month.Statistics should affirm the opinion of the U.S. central bank that even though the growth of the U.S. economy slows down, it does not seem that it should fall back into recession.

"Restoring the economy is relatively slow, but at least show some growth," said James OSullivan, chief economist of MF Global. "We have a long way. Needs to improve confidence in the economy and the need to accelerate employment growth," he added.

David Vandrovec, vandrovec@mediafax.cz

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