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Fuzzy Numbers - Retail Sales

Friday, February 12, 2010, 4:58 PM
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Today the Commerce Department reported excellent economic news for January; retail sales climbed another 0.5%, the third gain in four months, and were up a hefty 4.7%, compared to a year ago.

U.S. Economy: Retail Sales Climb

Feb. 12 (Bloomberg) -- January sales at U.S. retailers climbed more than anticipated, while consumer confidence unexpectedly fell this month from a two-year high, showing a recovery in household spending may be gradual.

Retail purchases increased 0.5 percent, the third gain in the past four months, Commerce Department figures showed today in Washington. The Reuters/University of Michigan’s consumer sentiment gauge dropped to 73.7 from 74.4 the prior month.

Compared to January last year, sales were up 4.7 percent.

Unfortunately, somebody forgot to tell the states this excellent news, because their sales tax data for January is still miserable.

 

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