Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  November 14, 2012 15:19:33

U.S. - retail in October for the first time after 4 months of decreased


Retail sales in the U.S. in October fell 0.3% from September, compared with growth of 1.3%, and compared to the expected market decline of 0.2%. Market worked with a range of estimates from -1.2 to +0.6%. September's figure was upwardly revised from pre-notified growth of 1.1%. October was the first decline after 4 months.

Rather negative impact on sales had hurricane Sandy. Attenuation was negatively affected interest in the new iPhone 5 from Apple and the slowdown in the automobile market.

The decrease in revenues recorded eight of the 13 monitored major areas headed by car dealers and building materials. Automotive market in October reported a decline in sales of 1.5% compared to growth of 1.7% in September. Excluding the automotive sector, retail sales were flat compared to the expected growth of 0.2%.

Sales counted in GDP thus excluding the automotive sector, sales of fuel and building materials decreased by 0.1% compared to September growth of 0.9%.
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