Retail sales in US beat the forecast

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

In October retail sales in US increased by 0.5% or 0.2 percentage points more than predicted. The main contribution to growth came from demand for motor vehicles and iPhones. In electronics industry purchases experienced most rapid growth since 2009. According to Millan Mulraine, TD Securities senior strategist in New York, an increase in retail sales is indicating that consumers do not expect economy to fall in recession.

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Tue, 15 Nov 2011 15:19:28 GMT

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