Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  March 13, 2013 14:17:16

U.S. - retail sales rose the most in five months and exceeded all estimates


According to statistics from the U.S. Commerce Department, retail sales in February rose by 1.1% compared to the January increase of 0.2% compared to estimates of the average market set to grow by 0.5% in the overall estimates range from 0.6 to 1%.
Sales excluding the volatile transportation sector and fuel rose by 0.4%.

8 out of 13 major categories showed growth, led by growth of 5% at gas stations, reflecting strong growth in prices of fuel. In January, their income grew by 0.7%. The average price of gasoline in February grew by more than 10% to $ 3.67 per gallon.
Sales of automobile sales grew by 1.1% compared with the January decline of 0.3%.
Sales of clothing rose in February by 0.2% and 0.5% in large shopping centers. Supermarket sales decreased 1%. Outside brick and mortar stores, sales grew by 1.6%.

Revenues excluding car sales, fuel and building materials rose in February by 0.4% compared to the January increase of 0.3%. This indicator is used in the calculation of GDP.

According to the comments for unexpectedly strong growth in retail sales is mainly due to the continued improvement in the U.S. labor market and the related general improvement in consumer sentiment. Also positively influence the growth of real incomes of Americans, the positive mood also reflected growth in equity markets and rising prices of real estate .
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