Posted on 05/12/2011 7:03:27 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) — Sales at U.S. retailers increased for the 10th straight month in April, further evidence that the economy’s moving ahead at a gradual pace, according to the government’s latest data.
Retail sales rose 0.5% in April to a seasonally adjusted $389.4 billion, the Commerce Department estimated Thursday. March sales were revised up to show 0.9% growth from an initial estimate of 0.4% growth; February sales were revised higher as well.
Compared with April 2010, sales are up 7.6%...
Excluding a 0.2% increase in sales of motor vehicles, retail sales rose 0.6% for April.
Economists had expected a 0.7% increase, but the March figure was revised higher to show 1.2% growth from an initial reading of 0.7% growth.
(Excerpt) Read more at marketwatch.com ...
I’ve beeen to retail stores which the clerks now will order for you on their companies website while you are there. Interesting development.
If actual sales are up, its because people have given up all hope for the future and therefore are running up their credit card debts as they live for the moment.
DARN IT!
The recession is over and I missed it.!
Or maybe coupon redemption is still up because the only places the recession is over are Wall Street and the White House.
I think they call it spin,it makes Obama look good.
Maybe we are now in a new recession. Hard to keep up.
>I’ve beeen to retail stores which the clerks now will order for you on their companies website while you are there. Interesting development.<
Interesting. I assume you say “no, not right now” as your answer.
Some economist with sufficient data need to back these numbers of dollars in sales into “number of units” in sales.
O.K. consumers ARE spending more. Are consumers spending more and buying more, or spending more and buying the same, or spending more and buying less. Intelligent analysts want to know. But, we don’t expect the typical “reporters” in the media to find out.
Why would I say that?
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