Tax Rebate Checks Gave US Retail Sales A Temporary Boost In May

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Tax Rebate Checks Gave US Retail Sales A Temporary Boost In May

06-13-2008, 09:52 AM,

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mandy Offline

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Tax Rebate Checks Gave US Retail Sales A Temporary Boost In May

Quote:Retail sales jumped by the largest amount in six months in May as 57 million economic stimulus payments helped offset the headwinds buffeting consumers.

The Commerce Department reported today that retail sales soared 1 percent last month, the biggest increase since November. A wide variety of retailers enjoyed a good month, including the biggest increase at department stores and other general merchandise stores in a year...

full article: http://www.post-gazette.com/pg/08164/889...siness.xml

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