Thursday, February 12, 2009

US retail sales unexpectedly rise

clipped from news.bbc.co.uk

US retail sales unexpectedly rise




Shoppers in New York
Hard up shoppers appear to have been tempted by bargains


US retail sales unexpectedly increased by 1% in January, which economists suggest is due to New Year discounting.

The rise was the first monthly gain in seven months, and followed a revised 3% fall in December. Analysts had expected a 0.8% decline last month.

Excluding car and auto parts, sales in January rose by 0.9%. Petrol sales rose 2.6% as prices continued to fall.

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