Artifice
1st String
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Some good news for a change
Surprise increase in retail sales
Total sales rose 1% in January versus expectations for a decline. Sales excluding auto purchases also show unexpected gain.
By Parija B. Kavilanz, CNNMoney.com senior writer
February 12, 2009: 8:41 AM ET
NEW YORK (CNNMoney.com) -- Retail sales unexpectedly rose in January, giving hard-hit retailers some respite after six straight months of sales erosion, the government reported Thursday.
The Commerce Department said total retail sales rose 1% last month. Economists surveyed by Briefing.com on average had forecast a decrease of 0.8% for January.
Sales excluding autos and auto parts rose 0.9%. Economists had forecast a decrease of 0.4% in the measure, according to Briefing.com.
Sales rose across retail categories, including purchases at electronics, clothing and general merchandise stores.
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02-12-2009 09:06 AM |
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