Sales at U.S. Retailers Advance by Mo...

Sales at U.S. Retailers Advance by Most in Five Months

Posted in the Minneapolis Forum

Obama Economy Recovery

Minneapolis, MN

#1 Mar 13, 2013
Sales at U.S. Retailers Advance by Most in Five Months

Source: Bloomberg

Sales at U.S. retailers rose in February by the most in five months as an improved job market and stronger household finances cushioned the effect of higher payroll taxes.

The 1.1 percent advance exceeded all projections in a Bloomberg survey and followed a revised 0.2 percent gain in January, Commerce Department figures showed today in Washington. The median forecast was for a 0.5 percent advance. Sales excluding the volatile categories of autos and gasoline rose 0.4 percent.

Progress in the job market is shoring up sentiment and spurring demand at merchants including Costco Wholesale Corp.(COST), easing the burden of a two percentage-point increase in the levy that funds Social Security. The boost to household wealth from home values and stock prices has also helped consumers maintain spending in the face of higher fuel prices.

“It shows some steady underlying strength,” said Terry Sheehan, an economic analyst at Stone & McCarthy Research in Princeton, New Jersey, the second-best forecaster of retail sales in the last two years, according to data compiled by Bloomberg.“These numbers are cause for cautious optimism.”

Read more: http://www.bloomberg.com/news/2013-03-13/reta...

Smart Liberal

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#2 Mar 13, 2013
Obama Economy Recovery wrote:
Sales at U.S. Retailers Advance by Most in Five Months
Source: Bloomberg
Sales at U.S. retailers rose in February by the most in five months as an improved job market and stronger household finances cushioned the effect of higher payroll taxes.
The 1.1 percent advance exceeded all projections in a Bloomberg survey and followed a revised 0.2 percent gain in January, Commerce Department figures showed today in Washington. The median forecast was for a 0.5 percent advance. Sales excluding the volatile categories of autos and gasoline rose 0.4 percent.
Progress in the job market is shoring up sentiment and spurring demand at merchants including Costco Wholesale Corp.(COST), easing the burden of a two percentage-point increase in the levy that funds Social Security. The boost to household wealth from home values and stock prices has also helped consumers maintain spending in the face of higher fuel prices.
“It shows some steady underlying strength,” said Terry Sheehan, an economic analyst at Stone & McCarthy Research in Princeton, New Jersey, the second-best forecaster of retail sales in the last two years, according to data compiled by Bloomberg.“These numbers are cause for cautious optimism.”
Read more: http://www.bloomberg.com/news/2013-03-13/reta...
The Obamabots are really grasping at straws.

The best in the past 5 whole months? Wow.
GOP For The One Percent

Minneapolis, MN

#3 Mar 13, 2013
Smart Liberal wrote:
<quoted text>
The Obamabots are really grasping at straws.
The best in the past 5 whole months? Wow.
The one-percenters are peeing their pants over the economic recovery.
Bushwhacker

Seattle, WA

#4 Mar 13, 2013
Smart Liberal wrote:
<quoted text>
The Obamabots are really grasping at straws.
The best in the past 5 whole months? Wow.
Looks like an Alinsky try...Do better, that was weak, even if you're Hertz....

Smart Liberal

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#5 Mar 13, 2013
GOP For The One Percent wrote:
<quoted text>
The one-percenters are peeing their pants over the economic recovery.
Are you really that stupid? Yes, you are.

Why would I not want a fully robust economic recovery? I, and everyone - EVERYONE - benefits from a growing economy.

Go back to polishing the apples in the Wal-Mart Produce Department. That is about all you are good for when you spew ignorant comments like you did above.
Bushwhacker

Seattle, WA

#6 Mar 13, 2013
Looks like an Alinsky try...Do better, that was weak, even if you're Hertz....

Kind sir, we NEED more nutritious sugar water !!???

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