US retail sales show surprise rise
From the FINANCIAL TIMES:
US retail sales recorded a surprise rise in February, as wary consumers lifted recovery hopes by braving harsh winter storms with renewed interest in spending.
Sales rose by 0.3 per cent last month, commerce department figures on Friday, defying expectations of a drop. Compared with a year ago, retail sales are up by 3.9 per cent.
“Consumers are beginning to come out of their shells,” said Nigel Gault, chief US economist at IHS Global Insight…
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