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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say