[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Utopian Visionaries Who Won’t Leave People Alone

No - no - no Ain'T going To get away with iT

Pete Buttplug's Butt Plugger Trying to Turn Kids into Faggots

Mark Levin: I'm sick and tired of these attacks

Questioning the Big Bang

James Webb Data Contradicts the Big Bang

Pssst! Don't tell the creationists, but scientists don't have a clue how life began

A fine romance: how humans and chimps just couldn't let go

Early humans had sex with chimps

O’Keefe dons bulletproof vest to extract undercover journalist from NGO camp.

Biblical Contradictions (Alleged)

Catholic Church Praising Lucifer

Raising the Knife

One Of The HARDEST Videos I Had To Make..

Houthi rebels' attack severely damages a Belize-flagged ship in key strait leading to the Red Sea (British Ship)

Chinese Illegal Alien. I'm here for the moneuy

Red Tides Plague Gulf Beaches

Tucker Carlson calls out Nikki Haley, Ben Shapiro, and every other person calling for war:

{Are there 7 Deadly Sins?} I’ve heard people refer to the “7 Deadly Sins,” but I haven’t been able to find that sort of list in Scripture.

Abomination of Desolation | THEORY, BIBLE STUDY

Bible Help

Libertysflame Database Updated

Crush EVERYONE with the Alien Gambit!

Vladimir Putin tells Tucker Carlson US should stop arming Ukraine to end war

Putin hints Moscow and Washington in back-channel talks in revealing Tucker Carlson interview

Trump accuses Fulton County DA Fani Willis of lying in court response to Roman's motion

Mandatory anti-white racism at Disney.

Iceland Volcano Erupts For Third Time In 2 Months, State Of Emergency Declared

Tucker Carlson Interview with Vladamir Putin

How will Ar Mageddon / WW III End?

What on EARTH is going on in Acts 16:11? New Discovery!

2023 Hottest in over 120 Million Years

2024 and beyond in prophecy

Questions

This Speech Just Broke the Internet

This AMAZING Math Formula Will Teach You About God!

The GOSPEL of the ALIENS | Fallen Angels | Giants | Anunnaki

The IMAGE of the BEAST Revealed (REV 13) - WARNING: Not for Everyone

WEF Calls for AI to Replace Voters: ‘Why Do We Need Elections?’

The OCCULT Burger king EXPOSED

PANERA BREAD Antichrist message EXPOSED

The OCCULT Cheesecake Factory EXPOSED

Satanist And Witches Encounter The Cross

History and Beliefs of the Waldensians

Rome’s Persecution of the Bible

Evolutionists, You’ve Been Caught Lying About Fossils

Raw Streets of NYC Migrant Crisis that they don't show on Tv

Meet DarkBERT - AI Model Trained On DARK WEB

[NEW!] Jaw-dropping 666 Discovery Utterly Proves the King James Bible is God's Preserved Word

ALERT!!! THE MOST IMPORTANT INFORMATION WILL SOON BE POSTED HERE


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: Retail Sales in U.S. Climb More Than Forecast on Jobs
Source: Bloomberg
URL Source: http://www.bloomberg.com/news/print ... re-than-forecast-in-march.html
Published: Apr 16, 2012
Author: Shobhana Chandra
Post Date: 2012-04-16 11:59:18 by Brian S
Keywords: None
Views: 581
Comments: 1

Retail sales in the U.S. rose more than forecast in March as Americans snapped up everything from cars and furniture to clothes and electronics.

The 0.8 percent gain was almost three times as large as projected and followed a 1 percent advance in February, Commerce Department figures showed today in Washington. The median forecast of 81 economists surveyed by Bloomberg News called for an increase of 0.3 percent.

An improving job market is giving households confidence to sustain spending in the face of higher gasoline costs, boosting sales at chains such as Gap Inc. (GPS) and Target Corp. (TGT) Strengthening consumer demand raises the odds that the world’s largest economy will weather a recession in Europe and slower growth in China.

Households “have the income to propel their purchases now that we’re seeing job growth,” said Russell Price, senior economist at Ameriprise Financial Inc. in Detroit and the third- best forecaster of retail sales for the 24 months ended in March, according to data compiled by Bloomberg. “They have adjusted to the higher price of fuel. The economy now needs to build on its own momentum.”

U.S. stocks reversed early gains as Apple Inc. (AAPL) and Google Inc. led a retreat in technology shares. The Standard & Poor’s 500 Index fell 0.3 percent to 1,366.87 at 11:37 a.m. in New York. The yield on the 10-year Treasury note fell to 1.95 percent from 1.98 percent on April 13 amid speculation the European sovereign-debt crisis is intensifying. Homebuilder Confidence

Optimism on the economic outlook was tempered by other data today showing that confidence among U.S. homebuilders declined and manufacturing in the New York region expanded in April at the slowest pace in five months.

Elsewhere, asking prices for homes in the U.K. rose to a record in April as a shortage of property boosted values in London, and the Bank of Korea lowered its growth forecast for this year as rising bond yields in Spain highlight the threat to Asian exports from Europe’s debt crisis.

U.S. retail sales were projected to rise 0.3 percent after a 1.1 percent gain previously reported for February, according to the Bloomberg survey. Economists’ estimates ranged from no change to a gain of 0.9 percent.

Eleven of 13 categories showed increases, including electronics, clothing and furniture stores.

Electronics may have gotten a lift from the Apple’s new iPad and some discounts on the older model, economists said. Apple said it sold more than 3 million iPads during the debut weekend for the latest model of the market-leading tablet computer. The tally is a record for opening weekend iPad sales, Cupertino, California-based Apple said in a March 19 statement. Gap, Target

Store chain data released earlier were in sync with today’s report. Same-store sales for the more than 20 companies tracked by Swampscott, Massachusetts-based Retail Metrics rose 3.9 percent last month, beating the average estimate for a 3.3 percent gain, as many chains offered discounts and shoppers stocked up early on spring gear.

Sales at Gap, the largest U.S. apparel chain, climbed 8 percent. Target, the second-largest U.S. discount chain, and Macy’s Inc., the owner of Bloomingdale’s and namesake stores, each posted 7.3 percent increases. All three companies beat the average analyst projection.

An improving job market is boosting incomes. Even with a less-than-predicted gain in U.S. payrolls last month -- 120,000 compared with a median forecast of 205,000 in a Bloomberg survey -- the economy has added 635,000 jobs since December as unemployment fell to 8.2 percent from 8.5 percent, Labor Department data show.

Stock-market gains are also helping sustain confidence. The S&P 500 jumped 12 percent from January through March, the best first quarter since 1998. Better Weather

Sales in March may have been helped by better weather as demand at building material stores climbed 3 percent, the most this year. The average temperature was 51.1 degrees Fahrenheit (10.6 degrees Celsius) in March, the warmest on record for the month in the past 117 years, according to the National Oceanic and Atmospheric Administration.

Sales at automobile dealers defied projections of a decrease as purchases rose 0.9 percent last month, today’s report showed. The results are in contrast with industry figures.

Cars and light trucks sold at a 14.3 million annual rate in March, following a 15 million pace the prior month, according to Ward’s Automotive Group. Nonetheless, the March figures capped the strongest quarter in four years. ‘Very Resilient’

“The industry and consumers have been very resilient in the face of higher pump prices,” Don Johnson, vice president of U.S. sales at General Motors Co. (GM), said on a call with analysts this month. “The steadily improving economy is playing a role and so is pent-up demand and an improved credit market.”

Purchases excluding autos increased 0.8 percent, today’s report showed. They were projected to rise 0.6 percent, the survey median showed.

The retail sales data, which aren’t adjusted for prices, may have also reflected higher gasoline receipts at service stations. Filling-station sales increased 1.1 percent. Regular fuel in March averaged $3.84 a gallon, or 28 cents more than in February, according to AAA, the nation’s biggest auto group.

Excluding autos, gasoline and building materials, which are the figures used to calculate gross domestic product, sales climbed 0.4 percent after a 0.5 percent increase in the previous month. New York Manufacturing

Among other reports in the U.S. today, the Federal Reserve Bank of New York’s general economic index decreased to 6.6 this month, less than the most pessimistic forecast in a Bloomberg survey, from 20.2 in March. Readings greater than zero signal expansion in the so-called Empire State Index, which covers New York, northern New Jersey and southern Connecticut.

The National Association of Home Builders/Wells Fargo index of builder confidence decreased to 25 this month from 28 in March, the Washington-based group said today. Economists projected no change in the index, according to the median forecast in a Bloomberg survey. Readings below 50 mean more respondents said conditions were poor.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Brian S (#0)

Retail sales in the U.S. rose more than forecast in March as Americans snapped up everything from cars and furniture to clothes and electronics.

LOL.


The economy is wonderful!
Re-elect Obama, he'll pay your rent!
A chicken in every pot!

-- Baghdad Bri-bri --

To: mcToejam, rat-boy, drippy, Alzheimer Fred, whitesands, t-bird, loonymom, ming, e-type jackoff, goober56, wreck, cal-CON, rabid dog, dummy DwarF, biff, harrowup the communist, and meguro. You're on the "a waste of human flesh" list. Brian S[ocialist], you're a propagandist moron. ALL of you can piss off.

Capitalist Eric  posted on  2012-04-16   12:29:43 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com