US Retail Sales Increase For The Last 3 Months

As predicted by analysts, U.S. retail sales in January recorded an increase. Data released by the U.S. Commerce Department showed U.S. retail sales rose 0.1% in January compared to an increase of 0.5% in December 2012 ago. The figure is in line with the predictions of 80 economists surveyed by Bloomberg.

This means that the U.S. has recorded an increase in retail sales for three consecutive months. One reason is the addition of U.S. employment so as to offset the duty of Americans to pay higher taxes.

Some retailers, such as Gap Inc. and Target Corp., managed to hoist his income as the increasing jobs in the United States. In addition, stable property values ​​and rising stock prices also helped hoist the purchasing power of U.S. consumers who currently account for 70% of the total U.S. economy.

"The purchasing power of consumers rose more than analysts' expectations in light of the tax increase. Currently, an increase in U.S. employment is quite good. This gives the ability for U.S. citizens to maintain their purchasing power," said Russell Price, senior economist at Ameriprise Financial Inc. in Detroit.