Retail Sales grow at the fastest pace in 7 months...What does this mean for the economy?
Assassin~ Badass Buzz Guru
2011/10/14 15:19:35
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(Reuters) - Retail sales grew at the fastest pace in seven months in September as consumers shook off concerns about a weak stock market and political gridlock, giving a bit more momentum to the economic recovery.
Consumer spending accounts for about two thirds of U.S. economic activity, and the report suggested the economy had more vigor over the past three months than previously believed, although it was not yet out of the woods.
The data "reflects an economy that is still struggling but won't fall back into recession," said Omer Esiner, an analyst at Commonwealth Foreign Exchange.
Read More: http://www.reuters.com/article/2011/10/14/us-usa-e...
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- lucky 2011/10/17 13:42:47It means this.....
Things are still getting better, just not as fast as we would like them to.reply - Denny 2011/10/14 22:31:35It means this.....+1We bought a whole lot of cheap Chinese stuff.reply
- justfred 2011/10/14 16:13:01It means this.....+1It means that you are seeing hope that maybe the powers to be will pay attention and we might just start making jobs, again.reply
- Whowho 2011/10/14 15:31:20It means this.....+1It means the OWEs is effective .reply
- Reichstolz 2011/10/14 15:30:15It means NOTHING....Once the GDP numbers are revised once again we will see nothing more than a weak stagnant economy.reply
- kir 2011/10/14 15:29:54It means this.....+1Sales have been so bad that anything CLOSE to normal sales is seen as great news. But it's just a statistical anomaly most likely and not anything to get excited over.reply
- Kimmel 2011/10/14 15:29:45It means this.....+1Not sure if it means anything. There are some great sales out there and people are taking advantage of them.reply
