SW Retails Stavesy Widlitz analyzes the cause of retail spending at least expected in February on the “Country count”.
we Retail sales Rose is more than expected in March, when consumers operated the purchases of large tickets to participate in the high prices of prices resulting from the customs tariff.
The Ministry of Commerce issued its data for March on Wednesday, which showed that retail sales increased by 1.4 % on a monthly basis, which is a greater gain than 1.3 % increase by Economists LSEG.
When excluding vehicle purchases, retail sales increased by 0.5 % in March, which also exceeded 0.3 % estimated by the Economists LSEG survey.
The CEO of the Games says that Chinese definitions mean “Christmas is in danger.”
Imported vehicles face a 25 % tariff imposed by President Donald Trump. (David Paul Morris / Bloomberg via Getti Emponon / Tire)
president Donald Trump 25 % of the customs tariffs on vehicles and trucks imported into force in early April, which have greatly warned of industry analysts and manufacturers of car prices.
The auto manufacturers have reported a great jump in car sales in March, which some attribute to the rush by buyers “to try and Defeat“
The report showed that sales by car Parting traders increased by 5.3 % in March a month ago and 8.8 % of the same month before the year.
Fears of stagnation, and the induction uncertainty drowns in the feeling of consumer
Retail sales in March showed that consumers rushed their vehicles before the implementation of customs duties. (Frederic J. Brown / AFP via Getty Images / Getty Images)
“In the face of extreme uncertainty, consumers rushed to buy durable goods in March to avoid high prices from sharp increases in customs tariffs,” said Lydia Boussor.
“In fact, the biggest jump in car purchases for more than two years and strong spending on other goods such as building materials, sports commodities and electronics indicates some purchases of large tickets,” added Boussor. “But even though the economy cools sharply in the coming months, as definitions occur, consumers sensitive to the price are ready to become wise by spending and reduce their unnecessary purchases.”
“It is difficult to feel satisfied with Americans to buy cars. Consumer confidence Drilling.
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“Economic expectations are flowing with major changes in commercial policy almost every day. It is possible that companies that sell cars, devices and electronics are likely to see a lower demand per month or two months with the ends of purchasing panic.
Reuters contributed to this report.
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