The past two months are indicating a changing scenario for the retail sector. The number of jobs has been increasing faster on a month-on-month basis and wage rates are finally starting to witness a significant rise as well. Consumers' propensity to spend is hence on the rise, as a result of which retail sales are also expected to witness an increase. The retail sales numbers for May will be released today, and the consensus is that these numbers will show a 1.1% increase in retail sales, primarily driven by an improvement in the U.S. job market.
Source Forbes - Markets http://ift.tt/1Lahnr0
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