Friday, June 11, 2010

US Retail Sales- May2010 down 1.2% v/s +0.2% expectation

Just few hours into my first blog post and I read that the US retail data has come at a negative 1.2% for the month of May 2010. However what was interesting was that the consumer confidence was at a two year high at 75.5. Either I may go miserably wrong on my prediction that this downward trend will continue or may be the confidence number may start to weaken next month onwards as consumers start seeing the fallout in Europe and start fearing from the double dip recession.

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