Retail sales, import prices surge
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Retail sales in May rose at the strongest pace since January 2006, while import prices surged, adding to recent data suggesting the U.S. economy is recovering strongly from a first-quarter slowdown.
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OTTAWA (CP) - Consumers pushed retail sales to a record $29.1 billion in August, says Statistics Canada. That was up 0.8 per cent from July when sales rose 0.4 per cent and also set a record at $28.
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Consumers put aside worries about the weak economy in November to storm into the shopping malls, pushing up retail sales by the largest amount in six months.
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Retail sales have risen sharply in the run-up to the key Christmas season, adding to data which suggests the economy is gathering pace and interest rates may rise next year.
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Chinaâs retail sales increased at the quickest rate in at least eight years on rising incomes.
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FEARS of a slump in consumer spending were blown away yesterday as official figures recorded a surprise sales jump and two of the country&#39;s biggest retail chains unveiled strong trading performances.
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Retail sales rose a strong 1.2 percent in November in a bright sign for the holiday shopping season, but producer prices posted their biggest gain in 34 years, offering a reminder that rising costs are weighing on the economy.
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Retail sales rose a strong 1.2  percent in November in a bright sign for the holiday shopping  season, but producer prices posted their biggest gain in 34  years, offering a reminder that rising costs are weighing on  the economy.
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US retail sales rose in May at the strongest pace in 16 months as American consumers splurged on many more purchases than anticipated, a government survey showed Wednesday.
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Inflation at the wholesale level surged by the largest amount in more than three decades in November, reflecting higher prices for gasoline and a host of other items.
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Retail sales in Britain jumped higher in November, driven by online and mail order shopping, official data showed Friday.
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Business & money: Retail sales rose by a stronger-than-expected 0.4% in November from October, but retailers had to again slash their prices to shift stock
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WASHINGTON -- Consumer inflation surged by the largest amount in more than two years in November, led by gasoline prices. The cost of clothing, airline tickets and prescription drugs also jumped.
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The price of goods imported into the United States in November rose 0.2 percent, slightly more than expected, a Labor Department report showed on Thursday, as increases in non-petroleum prices hit a 10-month high.
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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace since 1999. The increase pushed total spending for the month to a seasonally adjusted $349.4 billion, the Commerce Department said.
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The U.S. trade deficit surged to an all-time record of $764 billion in 2006, the Commerce Department said today, as high oil prices increased the nation's import bill and as American consumers continued loading up on products churned out in factories from China to Mexico.
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U.S. retail sales jumped a more-than-expected 1.2 percent in December, the government said on Thursday, as car dealers, furniture stores and on-line retailers reported strong sales.