Saturday, February 13, 2010

US January retail sales up!

The US Dept of Commerce announced that January 2010 US retail sales were up +0.5% over Dec 09, and + 4.7% over Jan 09.

That is a positive sign for the US economy after the disappointment of negative growth of retail sales recorded in Dec 09 (over Nov 09): Yet the figure has been revised from the initial -0.3% -0.1% (December 09 sales compared to November 09 sales).

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