Posted on 10/14/2011 6:02:04 AM PDT by Free Vulcan
...Retail sales rose a seasonally adjusted 1.1% last month, the Commerce Department said.
Economists surveyed by MarketWatch expected an increase of 0.8%...
Excluding the auto sector, sales rose 0.6%, but that was still higher than market expectations of a 0.4% increase...
(Excerpt) Read more at marketwatch.com ...
How much end-of-FY govt money was dumped into office supplies, travel, equipment, and vehicles?
I fondly remember those Sep 30 spending sprees and spending all the money so we didnt have to give it back and have the next budget cut
Iquiring minds want to know
Why do I get the feeling that going into an election season we’re going to see more “positive” economic data coming from the Government and further action from the Fed which leads to a rising stock market?
China will be pleased....
Yawn. Back to school. Pathetic numbers anyway.
Also... people with children are laying away for Christmas and or buying on sale now... very limited but those that must spend will do it wisely. That is happening now.
LLS
I did notice that the oil prices are going back up..
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" The heart of the wise inclines to the right, but the heart of the fool to the left ." Ecclesiastes 10:2 (NIV) Thus sayeth the Lord. Amen
25 cents a gallon here in the last two days.
LLS
What I want to know is whether this data is adjusted for inflation. I see price increases on at least a few items I buy every single week...and that doesn’t even count the stealth price increases from the “grocery shrink ray.” I definitely saw higher prices when I was buying school clothes for the kids. So I wonder if people are actually buying more stuff, or just paying more for the same (or even less) stuff.
Argh...that should have been “these data.”
Groceries etc are up several percent at Retail. A 1% increase in sales is actually several percentage points down considering this factor. I could buy 3 less items this month and still spend more so showing a 1% increase as a raise is insanity or just guberment figures.
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