Wednesday, June 13, 2007

Retail sales jump 1.4 pct in May

(Reuters) - Excluding automobiles that account for 20 percent of total retail business, sales rose 1.3 percent following a 0.1 percent April rise that was originally reported as flat. Analysts had expected a 0.7 percent increase excluding motor vehicles and parts sales.




Sales at gasoline stations rose 3.8 percent in their strongest monthly increase since April 2006, but excluding gasoline, retail sales still rose a healthy 1.2 percent.


Read more at Reuters.com Economic News

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