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More Americans prefer to save more, spend less in Retail Sales!

U.S. Consumer habits - TradingsprinterConsumers in the U.S. market had strengthened its purchases at retailers in September in order to acquire savings out of lower fuel costs and making for a weak finish to the third quarter according to Bloomberg survey. The Commerce Department showed the median forecast that 82 economist called for a 0.2 percent advance which means that more than half of merchant categories showed decreases. These slow-moving sales can raise concern about consumer spending which is about 70 percent of the total economy.

The Federal Reserve policy makers are still weighing whether to increase the interest rates this year. Purchasing of goods has been a strong pillar in the economic cycle, but in these days, consumers prefer to see wage growth before spending it more freely. Based on Bloomberg estimates, total retail sales had gained 0.6 percent compared to 0.2 percent increase which is previously reported last August.

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