According to National Bank of Canada’s analyst, Krishen Rangasamy, the message from today’s US retail sales report is that after a difficult start to the year, American consumers are now bouncing back. Key Quotes: “What impressed most about March’s results was not just the monthly increase of 1.6% (best since September 2017) but also the broad-based nature of gains. Autos led the charge for retailers with a 3.1% increase, more than erasing declines in the prior two months. But excluding autos, sales were also strong (+1.2%) with contributions from almost every broad category. Non-store sales, which include online retailers, continue to outperform.” “The share of non-store sales in total retail sales jumped to a record 11.8% in the first quarter of 2019. In other words, brick and mortar stores are underperforming. And that’s having negative repercussions on retail employment whose share of private non-farm payrolls sank to 12.3% in Q1, the lowest since 1967.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Cash Technical Analysis: BCH/USD bullish technical set up eyed FX Street 4 years According to National Bank of Canada's analyst, Krishen Rangasamy, the message from today's US retail sales report is that after a difficult start to the year, American consumers are now bouncing back. Key Quotes: "What impressed most about March's results was not just the monthly increase of 1.6% (best since September 2017) but also the broad-based nature of gains. Autos led the charge for retailers with a 3.1% increase, more than erasing declines in the prior two months. But excluding autos, sales were also strong (+1.2%) with contributions from almost every broad category. Non-store sales, which include online retailers, continue… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
