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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (4213)	4/13/2004 9:03:09 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

U.S. March retail sales up 1.8%, best in a year By Rex Nutting WASHINGTON (CBS.MW) - U.S. retail sales rose 1.8 percent in March, the fastest growth in a year, the Commerce Department estimated Tuesday. Sales at most kinds of stores were healthy in March. Auto sales increased 2.1 percent. Excluding autos, sales increased 1.7 percent, the biggest increase in four years. The gains were far ahead of Wall Street expectations of 0.7 percent for total sales and 0.6 percent for ex-auto sales. Retail sales for January and February were also revised higher. January's gain was revised from 0.3 percent to 0.5 percent while February's increase was revised to 1 percent from 0.7 percent.

To: Tommaso who wrote (4213)	4/13/2004 10:18:03 AM
From: mishedlo	Respond to of 116555

U.S. Feb inventories rise at fastest pace since Aug '00 By Corbett B. Daly WASHINGTON (CBS.MW) -- Business inventories in the United States rose a faster-than-expected 0.7 percent in February, the sixth consecutive increase and the largest monthly jump since August 2000, the Commerce Department said Tuesday. Inventories were at their highest level since May 2001 at $1.2 trillion, while sales at U.S. businesses increased 0.5 percent to a record $898.8 billion. The inventory-to-sales ratio remained at a record low 1.33 in February. Economists had been expecting inventories to rise 0.5 percent in January, according to a survey conducted by CBS MarketWatch.