Friday, February 12, 2010

U.S. Consumer Keeps Chugging Along

Reuters details:

The Commerce Department said total retail sales increased 0.5 percent after falling by a revised 0.1 percent in December. Sales in December were previously reported to have dropped 0.3 percent.

Analysts polled by Reuters had forecast retail sales increasing 0.3 percent last month. Compared to January last year, sales were up 4.7 percent.

Retail sales are being closely watched for signs whether consumers are healthy enough to sustain the economy's recovery once government stimulus and the boost from restocking by businesses wanes.

Source: Census

1 comment:

  1. Beer, TVs, Sporting goods...All stuff idiots go out and buy if theyre not paying their mortgage. Think thats all were seeing here. Retail spending still has a cliff its going to fall off of once people have to actually start paying for housing again...