|Darn it!! More bad news!! Stop spending now!!!||94Nole|
Aug 13, 2003 10:32 AM
|Retail sales surge 1.4% in July
By Rex Nutting, CBS.MarketWatch.com
Last Update: 10:43 AM ET Aug. 13, 2003
WASHINGTON (CBS.MW) - U.S. consumers started the second half of the year with a bang, driving up retail sales in July by 1.4 percent on purchases of autos, gasoline, electronics and household goods, the Commerce Department said Wednesday.
U.S. stocks under pressure as Treasury bonds tumble Treasury bonds slide after strong retail sales U.S. retail sales jump 1.4% in July.
Sales rose a hefty 0.9 percent in June, revised up from the 0.5 percent previously reported. May's sales were also revised higher.
"The economy may be in even better shape than we've thought," said Bill Cheney, chief economist at John Hancock Financial. "No question anymore that we're heading in the right direction."
The figures exceeded Wall Street estimates...
|Good news! Keep Spending (I need a job) (nm)||newridr|
Aug 13, 2003 11:48 AM
|That's that only ?? remaining in our economy. Jobs||Kristin|
Aug 13, 2003 12:06 PM
|The feds are encouraging companies to hire though, so perhaps the market will open up again. I need my IT job for just 5 more years, then I can quit!!!|| |