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Thread: Weak retail sales cast shadow on U.S. growth outlook

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    Weak retail sales cast shadow on U.S. growth outlook

    'U.S. retail sales barely rose in April, tempering hopes of a sharp acceleration in economic growth in the second quarter.

    The Commerce Department said on Tuesday retail sales edged up 0.1 per cent last month, held back by declines in receipts at furniture, electronic and appliance stores, restaurants and bars and online retailers.

    ...

    Excluding gasoline and autos, retail sales fell 0.1 per cent.'

    Weak retail sales cast shadow on U.S. growth outlook - The Globe and Mail

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    Re: Weak retail sales cast shadow on U.S. growth outlook

    So, exclude car sales/gas and retail sales fell in the first month that can not be blamed on the weather in 2014.

    Plus, 73,000 less Americans working last month AND the GDP up only 0.1%.

    I smell more QE..or less tapering of QE.

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    Re: Weak retail sales cast shadow on U.S. growth outlook

    But, if you ignore that the majority of spending was on health insurance, spending is up also!

    More QE, more inflation. Sure, why not..........
    Building block or stumbling block.... choose.

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    Re: Weak retail sales cast shadow on U.S. growth outlook

    Quote Originally Posted by DA60 View Post
    So, exclude car sales/gas and retail sales fell in the first month that can not be blamed on the weather in 2014.

    Plus, 73,000 less Americans working last month AND the GDP up only 0.1%.

    I smell more QE..or less tapering of QE.
    Oh. There is no doubt that this is a rather disappointing recovery and that we are on the verge of another dip.

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    Re: Weak retail sales cast shadow on U.S. growth outlook

    If this was a 'pay for cable' series? The title of this economy should be Game of Increments.

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    Re: Weak retail sales cast shadow on U.S. growth outlook

    Clearly the weather is responsible. It is just too nice outside for consumers to waste time shopping.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
    - Khalil Gibran

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