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Retail sales rise 0.3 percent in February
| JEANNINE AVERSA
Posted on 03/13/2002 4:55:03 AM PST by Oldeconomybuyer
Edited on 04/13/2004 2:39:55 AM PDT by Jim Robinson.
WASHINGTON (AP) -- Shoppers, after being tightfisted in January, opened their wallets and pocketbooks in February, pushing sales at the nation's retailers up by 0.3 percent.
The advance -- the largest in four months -- came after Americans trimmed their spending by 0.3 percent in January, reflecting in large part a drop in spending on cars and trucks as free-financing offers waned, the Commerce Department reported Wednesday.
(Excerpt) Read more at sfgate.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: february; retail; sales
Could this be the beginning of the lesson for the Bush Administration that demand management doesn't work? Goldman Sach's IT spending survey was also dismal this morning. I wonder if the Bush Administration will also continue its policy of letting the tech sector to hang out and dry.
posted on 03/13/2002 5:05:01 AM PST
I guess I should mention that the sales figure was expected to be .9%, so the .3% figure is pretty bad.
posted on 03/13/2002 5:16:34 AM PST
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