United States retail sales in five months, the first decline in consumption and big landslide

Affected by the reduced demand for cars, the U.S. July retail sales decline in the first five months, but fell less than expected. .U.S. retail sales data <P> reflect an important indicator of consumer spending. .Measure of consumer spending in the key indicators of U.S. economic activity gross domestic product (GDP) of about 70% of GDP. .But the figures show a rise in unemployment, higher oil prices and the credit crunch, consumers have been much tighter purse. .</ P> <P> (http://finance.) Commerce Department reported Wednesday retail sales decreased 0.1% in July. .Dow Jones Newswires survey of economists expect the U.S. July retail sales fell 0.4%. .Decline in retail sales last in February, when it was down 0.5%. .</ P> <P> data show that July sales of motor vehicles and parts fell 2.4%, the performance of the overall retail sales act as a drag. .June retail sales fall 2.1% in the class. .Consumers trucks and sport utility vehicles (SUV) to reduce the enthusiasm in favor of more fuel-efficient popular compact car. .In addition, the weak economy and housing market downturn has also restricted the bulk of consumers. .</ P> <P> 7 Excluding sales of automobiles and parts rose 0.4%, in line with economists expectations. .Increased sales data shows the Government's economic stimulus package has played a role in promoting consumer activities. .U.S. President George W. Bush on February 13 signed an economic stimulus plan with tax rebates in the form of funds to consumers. .U.S. Treasury data show that in April 28 to July 11 period, the government issued a total of $ 91,830,000,000 tax funds. .</ P> <P> market wants the government's economic stimulus package to help offset the weak job market, the negative effects. .According to government data showed U.S. employment has been continuous decline in seven months. .But some economists worry in Washington, tax effect will be further dissipated in the second half, probably less optimistic economic growth figures. .</ P>.