Friday, August 12, 2011

US Retail Sales Jump 0.5%

U.S. retail sales for July had the best showing in four months gaining 0.5 percent from the month before. The improvement comes at a time when employment appears to be weakening while market volatility has seen wild swings in price activity.

For the month, auto sales increased by 0.4 percent while nine of the thirteen main categories showed a gain in sales last month, led by electronics stores, furniture retailers, auto dealers and service stations

Source: Bloomberg

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