Retail sales continue growth
March 16, 2005
Retail sales continued to grow across January and February, despite market fears of a reverse.
The Commerce Department released figures showing January growth was at 0.3% - against market fears of a 0.3% fall - while Fenruary retail growth was up 0.5%.
Rises in the price of oil do note appear to have dampened consumer spending, though expected interest rate rises may ensure that retail growth over the following months will be more modest.