Around the Net
Shoppers Spend, Despite Economy
- Wall Street Journal , Monday, October 17, 2011 9:10 AM
Retail sales rose 1.1% to $395.5 billion in September—the biggest jump since February. The government also revised upward sales numbers for July and August.
This while unemployment is stuck above 9%, the mood of consumers has plunged to recessionary levels and Thomson Reuters/University of Michigan's index of consumer sentiment, released Friday, dropped to 57.5 in early October from 59.4 at the end of September.
