US Retail Sales Improve in January, Stops a 6 Month Slide
by Christian Stegmaier
From Bloomberg.com (2/12/09)
Sales at U.S. retailers unexpectedly halted a record six-month slide in January, reflecting higher gasoline prices and more spending on items such as clothing and food.
The 1 percent increase followed a revised 3 percent drop the prior month, the Commerce Department said today in Washington. Purchases excluding automobiles gained 0.9 percent.
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