uscitizen
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US retail sales in surprise climb
US retail sales climbed by the largest amount in six months during May after spending was helped by tax rebates.
Sales rose by a better-than-expected 1% in May, the Commerce Department said, the largest rise since November.
It also said April's figure had been revised up to a rise of 0.4% against the previous estimate of a 0.2% fall.
Economists said the rise indicated that the economy had been given a boost by the stimulus package under which millions of Americans got tax rebates.
Core retail sales, which exclude car sales, rose 1.2%, the Commerce Department said.
http://news.bbc.co.uk/2/hi/business/7450991.stm
US retail sales climbed by the largest amount in six months during May after spending was helped by tax rebates.
Sales rose by a better-than-expected 1% in May, the Commerce Department said, the largest rise since November.
It also said April's figure had been revised up to a rise of 0.4% against the previous estimate of a 0.2% fall.
Economists said the rise indicated that the economy had been given a boost by the stimulus package under which millions of Americans got tax rebates.
Core retail sales, which exclude car sales, rose 1.2%, the Commerce Department said.
http://news.bbc.co.uk/2/hi/business/7450991.stm