Tuesday, March 13, 2007

Forex News: 13.03.2007 U.S. retail sales up 0.1 pct in February

U.S. retail sales stayed soft in February, rising just 0.1% after no gain in January. Sales were led by a solid 0.9% rise in auto sales and a 1.2% rise in gasoline station sales, which was boosted by higher prices at the pump. Sales elsewhere were soft.

Sales excluding autos fell 0.1%, the first decline since October. And excluding both cars and gasoline sales, retail sales fell 0.3%, the largest decline since April 2004.

Sales were weaker than economists' expectations for 0.2% gains. Total retail sales were up 3.2% compared with February 2006.


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