A string of surprisingly strong corporate earnings reports and economic data show that U.S. consumers have emerged from a long hibernation to start spending again on everything from new TVs and restaurant meals to spring outfits.
- Published on Monday, 15 March 2010 14:00
The Commerce Department on Friday reported that retail sales increased a seasonally-adjusted 0.3% in February from a month earlier, despite winter storms across a large swath of the country that analysts thought would keep shoppers home bound.
Source: Wall Street Journal
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