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    Retail Sales In The US Are Picking Up &Nbsp, But Consumers Are Still Cautious.

    2010/12/28 15:58:00 41

    Retail Sales

    Although the blizzard hit the northeast of the United States during the Christmas season, for retailers,

    Christmas shopping

    The season is still the most encouraging in the last three years.


    According to the Washington Post, 27 days ago, the blizzard began at Christmas, which caused retailers to lose about 2 billion dollars in sales. However, the unsuitable weather promoted online sales.

    The statistics of Coremetrics, a network business analytics company of IBM, show that in the past week, US consumer spending on online shopping has increased by 16% over the past year, and the average order has increased by 13% to 192.52 US dollars.


    Another Retail Research Institute, ShopperTrak, said the first Sunday (26 days) after Christmas is single day.

    Sales volume

    Up to 7 billion 900 million dollars.


    A forecast released by the US retail alliance showed that sales in the holiday shopping season (November to December) in 2010 will grow by 3.3% over the same period, reaching 454 billion 100 million US dollars, higher than in 2008 and 2009.

    However, this is still below the level of US $452 billion 800 million in 2007.


    Mark Zandi, chief economist of Moodie economist network, said consumer spending increased slightly, but it did not return to the "high spending and high borrowing" situation during the boom period.

    Industry analysts believe that only when employment rises, will consumption eventually recover.

    The unemployment rate in the United States reached 9.8% in November, and the total number of unemployed people was about 15 million 100 thousand.


    Personal consumption accounts for about 70% of the total U.S. economy, pulling the United States.

    economic growth

    The main driving force.

    Retail sales data in holiday shopping season are considered to be an important indicator to observe the trend of the US economy.

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