Previous || Home || Next
 
Title: Retail sales top forecasts, helped by autos

Economists polled by Reuters had expected a 0.4 percent gain, after a 0.5 percent advance in May.

Excluding autos and parts, which recorded a 2.3 percent gain, retail sales were up a more modest 0.3 percent, short of analysts' expectations for a 0.5 percent advance.

Gasoline stations showed strong gains, helped by rising prices. The average price per gallon of gas rose to $2.68 in June from $2.32 in May, according to government data.

Excluding both autos and gasoline, sales were down 0.2 percent, the fourth consecutive monthly decline. Department stores and restaurants were among the laggards, suggesting that consumers remained reluctant to resume discretionary spending despite signs the recession may be drawing to a close.

(Reporting by Emily Kaiser, Editing by Neil Stempleman)


Full article
 
Other article:
Prominent NY lawyer Dreier sentenced to 20 years
Canada investment adviser accused of Ponzi scheme
Retail sales top forecasts, helped by autos
After autos, Rattner faces next challenge

Tag site

paddeln
Media Mergers & Acquisitions
Private Capital World News
Global Markets Deals Deals