Jul
15

Retail Sales Rise but Economists Caution that Recovery is a Long Way Off

By
– National Real Estate Investor

The U.S. Commerce Department reports some encouraging news among all the gloom and doom: retail sales including food rose 0.6% in June from the previous month, a performance that was better than anticipated.

Still, although sales increased month over month to $342.1 billion, they were 9% below June 2008 levels, according to the Census Bureau.

Motor vehicles and parts made a strong showing, increasing to $57 billion in sales from $55.7 billion in May, but those figures represented a 14.1% decrease from June 2008 sales levels of $66.4 billion.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://nreionline.com/news/retail-sales-rise-recovery-caution-0715/
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