NPR : News

Filed Under:

Retail Sales Rose In February; Spending Was 'Relatively Robust'

Retail sales rose an estimated 1.1 percent in February from January and were up 4.6 percent from February 2012, the Census Bureau says.

Kathy Bostjancic director of macroeconomic analysis at the The Conference Board research group, says in an analysis sent to reporters that the report's a sign that "consumer spending remains relatively robust." And since consumers buy about 70 percent of all goods and services, their willingness to spend is a key economic driver.

Bloomberg News notes that the rise in February was "the most in five months" and was more than forecast.

"It's a positive indicator that consumers are adjusting to the higher payroll taxes and higher gasoline prices," Russell Price, senior economist at Ameriprise Financial Inc. in Detroit, tells Bloomberg. "People are encouraged by the employment gains we've seen."

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Examining The War On Mexican Drug Cartels, Through Film And Fiction

Two new works of art — the documentary film Cartel Land and the novel The Cartel — shine a light on the seemingly endless drug war in Mexico. John Powers says both works are bleak, but gripping.
WAMU 88.5

With Petition & Protest, Pressure Builds On José Andrés To Pull Out Of Trump Hotel

Local pressure is building on restaurateur José Andrés to sever his ties to Republican presidential contender Donald Trump, who in a speech said immigrants coming into the U.S. are criminals and "rapists."
WAMU 88.5

With Petition & Protest, Pressure Builds On José Andrés To Pull Out Of Trump Hotel

Local pressure is building on restaurateur José Andrés to sever his ties to Republican presidential contender Donald Trump, who in a speech said immigrants coming into the U.S. are criminals and "rapists."
WAMU 88.5

UMBC President Freeman Hrabowski

The president of University of Maryland, Baltimore County, chats about the future of higher education — and what he's doing to steer African-American students into science, technology, engineering and mathematics.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.