Retail Sales Rise, With Electronics Leading the Way
Overall sales rise 0.3 percent, boosted by 3.7 percent rise in CE salesMarch 12, 2010 By Stephen Silver
According to MarketWatch, economists had predicted a smaller gain of 0.1 percent.
Sales at electronics and appliance stores posted a 3.7 percent gain from January, the largest of any product category and largest gain for CE in a year, when numbers were adjusted for seasonal variation; in non-adjusted numbers, the CE gain was 4.4 percent, second only to clothing and clothing accessories.
Overall CE and appliance sales were estimated at $8.953 billion, up from $8.636 billion in January, while year-to-date CE sales were placed at $16.5 billion, down 3.3 percent from 2009.
Click here for the full report.