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Saturday, 13 February 2010 - Retail Sales Jump Half Percent In January
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    Home U.S. World Entertainment Sports Business Health Science Technology Politics Offbeat Environment Travel   News Articles Retail Sales Jump Half Percent In January Email Facebook Digg Twitter Buzz Up! ShareThis February 12, 2010 3:21 p.m. EST Topics: economy, business and finance, economy, United States Melvin Baker - AHN Reporter Washington, DC, United States (AHN) - Retail sales in the United States beat expectations in January, increasing hope that the economy is recovering. Sales rose 0.5 percent from December, the Commerce Department reported Friday, after December's numbers were revised from a 0.3 percent decline to a 0.1 percent slip. It was third increase in the past four months. Analysts had expected an increase of 0.3 percent. Over the past year, sales have grown 4.7 percent. Growing demand for American products from overseas and the restocking of inventories are at the core of the increase. Excluding auto sales, purchases were up 0.6 percent. Surveys had expected a 0.5 percent gain. Of 13 major sales categories, nine experienced gains. Sales at Internet retailers and other non-store retailers climbed 1.6 percent, while sales at general merchandise stores rose 1.5 percent. The hopeful data was tempered by another report that American optimism about the state of the economy has grown gloomier. A Reuters/University of Michigan survey found that consumer sentiment fell to 73.7 in February from 74.4 the month before. The index had been forecast to rise to 75. Copyright © 2003 - 2010 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Most Popular Stories "Biggest Loser" Trainer Jillian Michaels Sued Over Diet Pill Teutul Family Ending "American Chopper," Settling Legal Matters U.S. Skier Cook Crashes, Released From Medical Clinic Kara DioGuardi Talks "American Idol," Contestants, And Ellen Designer Alexander McQueen Dies At 40 Bill Keeps Growing For Mid-Atlantic, Midwest Snow Storm D.C. Underground Metro Train Derails Knoxville School Teacher Shoots Principal, Assistant China Poised To Overtake Japan As World's 2nd Largest Economy   Recent Posts Most Popular Comments Recent Comments Popular Threads     Home | U.S. | World | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird / Offbeat Follow AHN on Twitter AHN Social News connects you with friends and the news Client Login | Submit News | Privacy Policy | Terms of Use | Contact | Content Services © 2010 AHN All Rights Reserved  

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