Poor Sales In U.S. For Third Consecutive Month
March 28, 2008
The U.S. Commerce Department has released figures which show that, taking inflation into account, sales in the U.S. have been sluggish for the third consecutive month.
Whilst January saw inflation level out, prices for consumers rose 0.1%. Core consumer prices, which are all those apart from food and energy, rose by the same degree, however that was forecasted by economists.
The onset of particular governmental transfer payments helped to increase nominal income for February by 0.5%; economists had predicted a 0.3% rise in incomes for that time frame.