United States: Stop the scrapping bonus weigh on retail sales

Stopping the premium breaks will weigh on the statistics of retail sales in September in the United States. According to figures adjusted seasonally published by the Department of Commerce, they have declined sharply – from 1.5% in September compared to August – with the end of the device, which had boosted the index over the previous two months .

Although this decline is particularly important for a single month, it remains well below a forecast to analysts, who favored a decline greater than 2%. Auto sales, down significantly over the month, of course, have plagued the overall index, with a decrease amounted to 10.4% in September, a figure not seen since August 2005. They had jumped from 7.8% in August as a result of federal incentives to purchase new vehicles.

Excluding the impact of automobiles, retail sales rose 0.5% in September, more than was originally anticipated. A positive number, since they rose for the second consecutive month. Remains that over one year, the situation remains worrying, always accusing sales down 6.6% yoy in the third quarter.

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