Related News
Home » Business » Real Estate
US retailers have reason to be happy
SALES at United States retailers last month fell less than forecast, and a gain in January exceeded the previous estimate, indicating the biggest part of the economy may be starting to stabilize.
The Commerce Department's figures mean the decline in gross domestic product this quarter will probably be less than anticipated. Still, a sustained recovery in purchases is unlikely until later in the year because of mounting unemployment and falling home and stock values, analysts said. Retail purchases shed by 0.1 percent following a 1.8-percent jump in January, the department said yesterday. Excluding cars, sales rose 0.7 percent.
The Commerce Department's figures mean the decline in gross domestic product this quarter will probably be less than anticipated. Still, a sustained recovery in purchases is unlikely until later in the year because of mounting unemployment and falling home and stock values, analysts said. Retail purchases shed by 0.1 percent following a 1.8-percent jump in January, the department said yesterday. Excluding cars, sales rose 0.7 percent.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.