Although a .05% drop in retail sales was expected for the month of February, there was only a .01% percent drop. Considering January retail sales were up a surprising 1.8%, that's pretty good news. These sales figures are a good sign for the economy and could very well indicate a slight shifting in the economy for the better. Analysts and economists suggest that lower gasoline prices allowed consumers to direct more of their disposable income away from the gas tank and into stores. While much of the sales is being directed at discount retailers, surprisingly enough much of it is also going to furniture stores.
The experts, of course, caution against getting too excited about this slight change, but I think we should cheer on any good news. Welcome into our hearts and homes whatever good news comes our way to encourage even more of it to come knocking at our doors. If we make good news welcome in our lives, it will be more inclined to unpack its bags and settle in for a good long stay. Heck, I'm inviting it to move right on in and make itself at home at my house. Mi casa es su casa!
For more information, click on the link to the New York Times article below:
http://www.nytimes.com/2009/03/13/business/economy/13econ.html?_r=1&partner=rss&emc=rss&src=ig
Editor of AGNADL
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