Wednesday, February 14, 2007

Forex News: 14.02.2007 U.S. retail sales flat to begin the year

U.S. retail sales fizzled at the beginning of the year, with big declines in auto and gasoline sales offsetting healthy sales at the mall.

Sales were up 2.3% compared with January of 2006. Sales excluding autos rose 0.3%.

The results were far below expectations. The forecast of economists predicted headline sales would rise 0.6% and ex-auto sales would rise 0.5%.

Sales in December were revised higher by a total of 0.1 percentage points. In December, total sales increased 1.2%, and 1.3% excluding autos.


Post a Comment

<< Home