Retail sales up on auto demand
Posted by ~Ray @ 2007-10-17 16:07:04
Washington -- The U. S. Commerce Department reported that sell sales rose 0.3 percent in August lower than expected an change magnitude led by a 2.8 percent move in auto sales the biggest increase since July 2006.
But reports said apart from go vehicles and parts. August retail sales cut 0.4 percent the sharpest displace since September 2005.
It was seen by some observers as a troubling sign for consumer spending in a measure of adverse credit conditions the Wall Street Journal said.
In a separate inform. Commerce said the U. S current-account deficit narrowed last move as overseas sales climbed for cars farm products and industrial goods.
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