Retail sales show the US recovery is in the bag

A strong showing in retail sales highlights the resilience of the US economy after earlier setbacks, and should give the Fed confidence to end its asset purchases sooner rather than later.

The few remaining concerns about the US economy were washed away overnight with retail sales rising strongly in March to offset a weather-affected start to the year. Nevertheless, household spending is set to be soft when GDP is released later this month but is widely expected to drive the US economy over the remainder of 2014.

Retail sales rose by 1.1 per cent in March, easily beating expectations, to be 3.8 per cent higher over the year. This follows growth of 0.7 per cent in February -- upwardly revised from an initial 0.3 per cent gain.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles