April retail sales unexpectedly rise, point to underlying economic strength and leading forecasting hit second quarter growth estimates. Surprising retail sales revenue, accounting for about 30% of consumer spending, the government has been trying to cut the budget deficit in Washington, the latest sign of resilience in economic austerity. "It's more, signs of economic growth this is not rapid growth of a lot of people will like, but everything is improving," said the farmers' school of the University of Miami in Oxford, Ohio, Business Economics Professor Tom Hobby Seoul. Retail sales slightly increased by 0.1% in March, down 0.5%, and families to purchase a range of automobiles, building materials and other commodities, the Ministry of Commerce (Commerce Department) said on Monday. Economists had expected a 0.3% decline. The so-called core sales, excluding cars, gasoline and building materials, and the government's gross domestic product (GDP) measure of consumer spending component correspondence between the most closely, an increase of 0.5% upwardly revised 0.1% gain in March. Core sales increase in February. The data show that in the last three months of employment growth is relatively sturdy high heels, to help ease the concerns of the abrupt slowdown of the increase in core sales. U.S. dollar against the euro and the yen, while U.S. Treasury prices lower. From recent record highs in the Wall Street stock market, but the data helped limit losses. Some economists expected strong core sales volume growth in the second quarter. Goldman Sachs lifted its forecast by 0.2 percentage points to 2.1% annual growth rate, while JP Morgan Chase push up 0.5 percentage points to 2% of the estimated. Active steps to amend the core, initially led economists expected sales data for February and March, the government will increase its initial estimate of first quarter GDP growth of 2.5%. However, the second from the Commerce Department report showed that business inventories in March, unchanged from the second month in a row, indicating that stocking may not as big a boost initially thought that the growth in the first three months of this year. Even so, economists said that the Government's preliminary estimate may hold, core retail sales in February and March than previously thought strong. In addition, the lack of inventory accumulation, the growth of the second quarter should be a boon, because companies will likely have to hoard to meet household demand is stable. HELPING decline in natural gas prices Growth of 2% of the payroll tax cuts and higher tax rates wealthy Americans, which kicked in Jan. 1 to the end of curl. The overall value of about $ 8.5 billion of government spending cuts also weighed. But the decline in gasoline prices, down 14 cents in April to help offset some of the drag on household income, free up funds discretionary spending. Economists say the Fed to maintain low interest rates campaign to help families, push up the share price and family values. "Those who doubt the Fed is affecting just need debt restructuring effect and the wealth effect on consumption, said:" Diane Swonk, chief economist at Mesirow Financial in Chicago. "Is there a way to consumers will be holding up so well without the support of the low interest rates." Most of the tone of the retail sales report is firm. Car dealer revenue grew 1.0% in March fell by 0.6%. Despite the decline in gasoline prices push down gas station receipts, excluding gasoline sales recorded their biggest increase since December. Excluding gasoline and auto sales rose 0.6%. Rising sales of building materials and garden equipment supplies, released its largest increase since September, reflecting the recovery of the housing market. Clothing store receipts recorded their largest increase since February last year. Sports goods, hobby, book and music stores, electronics and appliance stores sales increase. Consumers spent more restaurants and bars. Furniture store sales were flat at the grocery store revenue fell.


Other News:
FBI: New Orleans shooting likely 'street violence'
Retail sales gain shows some strength in economy
Ex-Philippine president wins as mayor of Manila
Israeli PM criticized for installing bed on plane
IRS apologizes for singling out conservative groups: How did it happen?
Croatia Airlines goes on strike over pay cuts
Three major factors that influence quality of IKO bearings
Bearing corrosion analysis