Retail & Wholesale

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

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?