Retail Sales Post Biggest Gain In Months, US Economy Seen Accelerating

Retail Sales Post Biggest Gain In Months, US Economy Seen Accelerating

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dollars-hand-giving-cohdra-morguefileThere was positive corporate news reported Friday alongside U.S. retail sales gains.

Consumers spent more on autos, clothing, and furniture last month to boost consumer spending 1.1 per cent — the largest gain in seven months, the Commerce Department said.

The news indicated to some that the world’s largest economy might not be in as much trouble as feared earlier.

Business inventories also increased suggesting companies were confident enough in the economy to keep stocking their shelves.

(READ the AP story in NPR)

Photo by Cohdra, via morguefile.com

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