"This report on high level looks better, but it's not very reassuring when you look beneath the surface," said Michael Niemira, chief economist with the International Council of Shopping Centers (ICSC).
From CNNMoney.com: Retail sales end 2 month slump
Retail sales rose in May, breaking two straight months of declines, but gains were fueled primarily by auto purchases and higher gas prices that pumped up gasoline station sales.
The Commerce Department said total retail sales rose 0.5% last month, compared with April's revised decline of 0.2%. Sales in April were originally reported to have declined 0.4%
This doesn't look all that promising since most of this came from auto sale and higher gas prices. Get out there and spend people. Quit being afraid to live your life.
No comments:
Post a Comment