Democratic Underground - U.S. July retail sales up 1.4%, biggest gain in 6 months

Reply #10: U.S. July retail sales up 1.4%, biggest gain in 6 months [View All]

UpInArms

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Fri Aug-11-06 07:41 AM
Response to Reply #9

10. U.S. July retail sales up 1.4%, biggest gain in 6 months

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BBF94148F%2DE739%2D4D30%2DAC48%2D0008186195AD%7D&dist=newsfinder&symbol=&siteid=mktw

WASHINGTON (MarketWatch) - U.S. retail sales increased at the fastest pace in six months in July, rising 1.4% on higher auto and gasoline sales, the Commerce Department reported Friday. Higher sales were seen across the board, from electronics to clothing. Sales of durable goods were particularly strong. Auto sales surged 3.1% in July, also the biggest gain since January. Excluding autos, retail sales increased 1%. The figures were higher than expected on Wall Street, where economists surveyed by MarketWatch were reckoning on a gain of 0.8% for retail sales and a 0.5% increase in sales excluding autos.

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Reply #10: U.S. July retail sales up 1.4%, biggest gain in 6 months [View All]