Thursday February 20, 2020

US retail sales show biggest rise in 5 months

Sales at US retailers rose in February by the most in five months as an improved job market and stronger household finances cushioned the effect of higher payroll taxes.

13th March, 2013
"Consumers are adjusting to higher payroll taxes and higher gasoline prices," said an analyst.

Sales at US retailers rose in February by the most in five months as an improved job market and stronger household finances cushioned the effect of higher payroll taxes.

The 1.1 per cent advance was more than forecast and followed a revised 0.2 per cent gain in January, Commerce Department figures showed today in Washington. The median projection in a Bloomberg survey called for a 0.5 per cent advance.

Sales excluding the volatile categories of automobiles and gasoline...

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