Pantheon Macroeconomics - Retail sales have consistently disappointed markets this year, but investors' concerns are misplaced. The rate of growth of core sales has slowed because the strength of the dollar has pushed down the prices of an array of imported consumer goods, and people appear to have spent a substantial proportion of the saving on services.

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13 August. 2015 More Soft-Looking Sales as Falling Prices Depress Nominal Activity?

By Ian Shepherdson

Retail sales have consistently disappointed markets this year, but investors' concerns are misplaced. The rate of growth of core sales has slowed because the strength of the dollar has pushed down the prices of an array of imported consumer goods, and people appear to have spent a substantial proportion of the saving on services.

Posted: 13th Aug 2015 in 'U.S. Documents'

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