Bulletin

US retail sales growth increases prospect of rate rise this year

The case for a second-quarter recovery in the US economy has been boosted by new retail sales data. Figures show that retail sales in May rose 1.2% from the previous month and 2.7% from May 2014. While this was in line with expectations, the report pointed to plenty of signs of life in the US economy, with almost all categories seeing gains in May and the US Census Bureau revising up previously weak data for March and April. The retail figures are seen as crucial to those building a case for the Federal Reserve to go ahead this year with its first rate rise in nine years. However a move to raise rates still appears unlikely at next week's meeting of the Federal Open Market Committee.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?