US retail sales rose by the most in five months during February, US Commerce Department figures have shown, fuelled mostly by demand for cars. Sales increased 1.1% last month, compared with an upwardly-revised 0.6% rise in January. The latest figures showed a 1.6% jump in car and truck sales, and added to signs that the US economy is recovering steadily. The mild winter also boosted sales at stores across the country. Sales at petrol stations gained by 3.3%, the biggest jump since March last year, after a 1.9% increase in January. Sales at clothing stores gained by 1.8%, the biggest increase in that part of the economy since November 2010. Consumer spending accounts for more than two-thirds of the US economy, which is the world\'s largest. The retail sales figures add to optimism over the health of the economy, after the Labor Department said last week that the US economy created 227,000 jobs in February. The unemployment rate stayed at 8.3%, the lowest level in nearly three years.
GMT 11:59 2017 Sunday ,31 December
China temporarily waives taxes to get foreign firms to stayGMT 09:13 2017 Wednesday ,27 December
Israel to halt trade in cryptocurrency-based firmsGMT 10:43 2017 Thursday ,21 December
American Ambassador David Hale meets trade leadersGMT 10:41 2017 Thursday ,21 December
China Pakistan Economic Corridor speedily turning into reality: Ahsan IqbalGMT 10:40 2017 Thursday ,21 December
Eni and Shell to stand trial in Italy over Nigeria kickback scandalGMT 11:48 2017 Tuesday ,19 December
Japan raids firms over alleged maglev bid-riggingGMT 05:36 2017 Monday ,18 December
UBS boss says bitcoins 'not money', urges regulators to actGMT 06:29 2017 Sunday ,17 December
Britain, China speed up bid to link stock marketsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©