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US retail sales rose by 0.2%

Today was published important statistics on retail sales in the US, which increased by 0.2%, against forecast of an increase by 0.1% in January. Consumer spending that is about two-thirds of economic activity in the country was moderate in the 4th quarter of last year, but the current growth boosted optimism on the market. Fuel sales continued to decline due to low prices. The main support is the improvement of the situation on the labor market where wages are rising and unemployment is declining. We expect moderate growth on the stock markets in connection with these news, but investors remain wary amid volatility on the stock markets and lower oil prices, which is negatively displayed on the dynamics of US indexes, and will cause them to decrease in the coming months.

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Friday, 12 Feb, 2016 / 2:33

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