In February at the fastest clip in five months, the latest sign the economy is facing the adverse factors, from higher tax revenues and higher gasoline prices and retail sales growth.
Strong sales of the strong growth in employment and manufacturing of high heels. But the improving economic outlook may not be enough to force the federal reserve cut its monetary policy support.
In Pittsburgh, a senior economist at PNC financial services, "gus Faucher," consumers have less mess than we had expected the tax increase. "Due to the Labour market has made some more than we expect, people feel a little confidence, rather than cut their spending."
Total retail sales of social consumer goods grew by 1.1%, the biggest gain since September, after correction for the 0.2% rise in January, the Commerce Department said on Wednesday. This is much higher than 0.5% of the economists predict, in advance.
The so-called core sales, exclude autos, gasoline and building materials and the government's gross domestic product (GDP) measures the consumer spending component of the corresponding relations between the most closely, a stronger than expected growth of 0.4% year-on-year.
Upbeat reports help to extend the rally on Wall Street, the dow Jones industrial average (DJI) for the first time since 1996 for the ninth consecutive trading days up. (N)
It also lifted the dollar against a basket of currencies to seven months. The U.S. government bond prices fell.
Despite the healthy sales growth of 2% of the payroll tax cut, rates and taxes for wealthy americans ended earlier this year.
Stock market rally, rising prices and stable job income, this is began pushing for higher wages, to help consumers. Families cut back on the savings.
The strong economic tone also stressed on Wednesday, according to a survey of the major administrative personnel in the first quarter recovery becomes more confident. However, they are still reluctant to hire.
Although job growth accelerated last month, economists said, the fed needs to continue for a period of stronger job growth step away from its very loose monetary policy stance. Central bank buy $85 billion of bonds per month, and said it would maintain its asset purchase, until it sees significantly improve Labour market outlook.
"The economy is looking for a solid job in February, manufacturing and nonmanufacturing activities and retail sales, said:" John Ryding, chief economist at RDQ economics in New York. "Did not, however, can lead to the fed to change course in the short term."
Improve the forecast of economic growth
Core earnings in the first two months of this year's sales suggest that consumer spending, which accounts for about 70% of the U.S. economy, only a little bit slow, from an annual rate of 2.1% in the last three months of 2012.
Economists had expected, the weight is more heavy tax increases and rising gasoline prices.
In the first quarter's growth prospects, to further strengthen the ministry of commerce business inventories rose more than 1-1/2 second report in January.
Retail inventories, not including auto - into the calculation of gross domestic product (GDP) - recorded their biggest increase since August 1995. Inventory has been minus 1.6%, the fourth quarter gross domestic product (GDP).
Inventory in January and healthy reading accumulated strong core retail sales, has prompted some economists put forward their first-quarter gross domestic product estimates.
J.p. Morgan analyst hit their predictions by 8 to 0.2% to 2.3%, while Goldman Sachs (Goldman Sachs) put forward their three over ten point to 2.9%.
Economic growth only at a rate of 0.1% in the fourth quarter. A Reuters survey of economists estimate that the average annual growth of 1.8%, 1.9% of this year declined slightly, from a poll last month. The latest survey is the retail sales report on Wednesday. [ECILT/us)
Retail sales rising, partly reflects the 35 cents a share, a gallon of gasoline prices rise, boosting sales 5% of the service station, the largest increase since August.
But there are also car dealer sales strength, up 1.1%.
Excluding autos, retail sales rose by 1% in five months.
In building materials and garden equipment supplier's sales rose 1.1%, reflecting earnings in residential construction. In the clothing and the total distribution of store sales also rose.
Online shopping invoice is also higher
In dealing with drawback, however, delays may affect the sales, restaurants and bars and sporting goods, hobbies, books and music store, all registration. Electronics and home appliance sales fell because do furniture sales.
 
 



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