Friday, March 12, 2010

AP Economics Writer, Martin Crutsinger reports Retail sales rise 0.3 percent in February

WASHINGTON (AP) -- Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from storming the malls. The advance, the biggest since November, provided hope that the recovery from the Great Recession is gaining momentum.

The Commerce Department said Friday that retail sales rose 0.3 percent in February, surpassing expectations that sales would decline by 0.2 percent. Read full story on NPR

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