Posted on 03/12/2009 7:55:23 PM PDT by cdchik123
Sales at the nation's retailers fell slightly less than expected in February, suggesting that the economic deceleration may at least be slowing, according to a government report on Thursday.
The Commerce Department said retail sales declined 0.1 percent from January, better than the 0.5 percent drop that economists had expected, but nonetheless returning to negative territory after a surprise 1.8 percent gain in January.
Not including automobiles, which dragged down the overall number, sales ticked up 0.7 percent after a 1.6 percent gain in January.
Retailing analysts and economists said that sales in February were helped by a decline in gasoline prices that provided consumers with more disposable income. Sales at discount chains were up, but so were sales at furniture stores, which is surprising given the miserable state of the housing market.
"What this tells us is the consumer is not dead," said Paul Laudicina, chairman of A. T. Kearney, the management consulting company. "They are able to pick through and make purchases when necessary. And they are prepared to come out of the foxhole when the conditions permit them to."
(Excerpt) Read more at iht.com ...
Well, from what I hear, when a person falls from a 100-story building, to the ground, their speed of fall does “stabilize” at a certain speed.
However, that’s not too much encouragement for when they hit the ground... LOL...
Well, if the statistics haven’t been adjusted for the number of days of opportunity, February has about 10% fewer days than December or January.
So Obama has saved the day? LOL!
Suddenly, there are lots of posts like that.
Drudge: Dire Emergency Cancelled
http://www.freerepublic.com/focus/f-news/2205513/posts
Don’t buy anything that you don’t really need, until we have better leadership.
The spin on this has been atrocious by the MSM.
Retail sales weren’t as bad as predicted, but....they are still down 8.6% from a year ago (and Feb 2008 was a bad month last year!).
Not much emphasis on the 654m newly unemployed (and forecast to accelerate), either.
Methinks Obama and the MSM are getting a little worried.
Oh that was just me. I needed a couple of new outfits and some new shoes.
Meanwhile I heard Walmart had it’s best quarter ever
tax money
I’ll do my part if you don’t tell my husband!
LOL! The media is desperate for some good news. Let's see, sales increase in January 1.8 %, and decline by .1 % in February, Zero's first full month in office....and it's good news!
I fell from a 40 ft. ladder today.
Fortunately for me I was only on the first rung.
LOL!
Well there's a good reason for the Great “O” to tax the oil companies. /s
LOL..., I’m glad you’re not in the hospital...
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