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Economy

bronxiteforever

(9,287 posts) Wed May 15, 2019, 09:02 AM May 2019

0

U.S. Retail Sales Unexpectedly Fall Amid Weak Auto Purchases

Reade Pickert
May 15, 2019, 8:39 AM EDT Updated on May 15, 2019, 8:54 AM EDT
Bloomberg

U.S. retail sales unexpectedly declined in April for the second time in three months, weighed down by soft sales of autos and building materials and suggesting consumer spending will remain subdued this quarter.

The value of overall sales declined 0.2% after a 1.7% increase the prior month that was the strongest gain since 2017, according to Commerce Department figures released Wednesday. That compared with the median forecast in Bloomberg’s survey calling for a 0.2% rise.

https://www.bloomberg.com/news/articles/2019-05-15/u-s-retail-sales-unexpectedly-fall-amid-weak-auto-purchases?srnd=premium

2 replies

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U.S. Retail Sales Unexpectedly Fall Amid Weak Auto Purchases (Original Post) bronxiteforever May 2019 OP

Unexpectedly? Iliyah May 2019 #1

Two tenths of one percent? PoindexterOglethorpe May 2019 #2

Iliyah

(25,111 posts)

1. Unexpectedly?

Reply to bronxiteforever (Original post)

Wed May 15, 2019, 09:15 AM

May 2019

It would be unexpectedly if it rose. Secondly, the rise of missed car payments.

Booming economy, nope.

PoindexterOglethorpe

(25,816 posts)

2. Two tenths of one percent?

Reply to bronxiteforever (Original post)

Wed May 15, 2019, 09:45 AM

May 2019

Might that just be normal month to month variation? Especially since there was a one point seven percent increase the month before?

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