US retail sales rise 0.4pct in January [Alrroya.com (United Arab Emirates)]
TMCnet - World's Largest Communications and Technology Community
New Coverage :  Asterisk  |  Call Recording  |  SIP Trunking  |  Fax Software  |  Load Balancer  |  PBX  |  SIP Phones  |  Small Cells
Webinars
Channels by Topic
Share
 
| More
RSS-XML alerts
Print this page
E-mail this page to a friend
TMCnews
[February 14, 2012]

US retail sales rise 0.4pct in January [Alrroya.com (United Arab Emirates)]

(Alrroya.com (United Arab Emirates) Via Acquire Media NewsEdge) US retail sales rose less than expected in January as consumers cut back on car purchases and did less online shopping.

Total retail sales increased 0.4 per cent after being flat in December, the Commerce Department said on Tuesday.

Economists polled by Reuters had forecast retail sales climbing 0.7 per cent last month.

The government had initially estimated that sales rose 0.1 per cent in December, and on Tuesday it also revised downward its reading for retail sales in November. The revisions suggest consumers did not spend as much as previously thought during the holiday shopping season.


Sales of cars and autoparts dropped 1.1 per cent, while shopping at nonstore retailers, a category dominated by online sales, also fell 1.1 per cent, the biggest decline since March 2009.

Fueling the overall increase in retail sales during January, spending at gasoline stations rose 1.4 per cent - the biggest gain since March 2011 - while receipts for electronics increased 0.5 per cent.


Excluding autos, retail sales advanced 0.7 per cent, falling short of analysts' expectations of a 0.5 per cent increase.

Core retail sales, which exclude autos, gasoline and building materials, climbed 0.7 per cent in January.

Core sales correspond most closely with the consumer spending component of the government's gross domestic product report.

(c) 2012 I Media LLC Provided by Syndigate.info an Albawaba.com company

[ Back To TMCnet.com's Homepage ]

Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
Human Capital Asset Management and Workforce Optimization
Mobile Bill Shock: Leveraging FCCRegulations to Enhance the Subscriber Experience and Create Stronger Subscriber Loyalty
WiMAX Business Deployment Guide: Portability, not mobility, may be what makes WiMAX an attractive option for your current business broadband needs
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
In SEPA 2011 Ratings, PG&E Has the Number-…
Speech Analytics Provide Speedy Way to Search Recorded Calls
TMCnet Dialer Software Week in Review
Online Project Management Week in Review
Too Much Information is Overwhelming Doctors, Hospitals
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
TMCnet VoIP Routers Week in Review
TMCnet Next Generation Communications Week in Review
Alcatel's AppGlide Provides Holistic View of the End-user Online Video Experience
Tekelec Adds Ten More DSR Clients
Alcatel-Lucent Goes on Tour
blog comments powered by Disqus

Upcoming Events

ITEXPO West 2012
October 2- 5, 2012
The Austin Convention Center
Austin, Texas
Mobility Tech Conference & Expo
October 3- 5, 2012
The Austin Convention Center
Austin, Texas
MSPAlliance MSPWorld™
October 3- 5, 2012
The Austin Convention Center
Austin, Texas

DevCon5
DevCon5 provides you with the information and tools you need to exploit the capabilities of revolutionary HTML5 technology
View all >>
Subscribe FREE to all of TMC's monthly magazines. Click here now.