Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
U.S. retail sales up 2.7% in August
+ -
21:47, September 15, 2009

 Related News
 International retail purchases in China rise
 Chinese retail sales up 9% during May Day holiday
 Canada retail sales post biggest monthly drop in 15 years
 U.S. stocks rise on better-than-expected retail sale
 U.S. retail sales decline 0.2% in Apri
 Related Channel News
· Global Financial Crisis
 Comment  Tell A Friend
 Print Format  Save Article
Retail sales in the United States rose a seasonally adjusted 2.7 percent in August, higher than the gain of 2.0 percent economists had expected.

And the figure, released by the Commerce Department on Tuesday, was mainly driven by a government "cash for clunkers" program that lifted auto sales.

Excluding autos, sales rose 1.1 percent, ahead of an expected 0.4 percent jump. Excluding autos and gas, sales rose 0.6 percent.

The Commerce Department said that retail sales in August was still 5.3 percent below August 2008.

The rise in retail sales followed a revised 0.2 percent decline in July, worse than the initial estimate of a 0.1 percent drop.

The jump in August delivered another hope that the U.S. economic recession is near an end. Consumer spending, which accounts for about 70 percent of economic activity, is the broad measure of U.S. economic activity.

Source: Xinhua

  Your Message:   Most Commented:
World's top ten most mysterious and horrible spots
Why India is pursuing military strength?
Baby alien found by Mexican farmer
How do India's middle school textbooks portray China?
Which country has the most beautiful women?

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved