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Retail Sales Rise For 7th Straight Month; Mortgage Rates Worsen

February 15, 2011 by support Leave a Comment

If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Tuesday, the Census Bureau released its national January Retail Sales figures and, for the seventh straight month, the data surpassed expectations. Last month's retail figures climbed 0.3 percent as total sales receipts reached an all-time high. It's good news for the economy which is scratching back after a prolonged recession, but decidedly bad news for people in want of a … [Read more...]

Filed Under: Retail Sales Tagged With: Consumer Spending, Inflation, Mortgage Rates

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