US sees growth in CD sales market
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R&B star Usher leads a rise in CD sales in the US, despite the growing popularity of music downloads.
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U.S. retail sales rose by an unexpectedly large 1.5 percent in September, propelled by the sharpest jump in auto sales in nearly three years, according to a government report on Friday that bodes well for economic growth in the third quarter.
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The National Retail Federation will predict a sales increase of 5 percent, to $457.4 billion, compared with last year.
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U.S. auto sales are likely to post a razor-thin increase this year compared to 2004, when they had their fourth-highest annual total on record, an economist who closely monitors the automotive industry said on Sunday.
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US retailers have seen sales pick up faster than expected, making the biggest improvement since July.
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Business activity in the US Midwest expanded in September at a faster rate than expected, with employment growing in step with a jump in new orders, a report showed Thursday.
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A big climb in September U.S. retail  sales and larger-than-expected gains in underlying producer  prices boosted hopes for stronger growth and views the Federal  Reserve will keep raising interest rates.
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The US economy grew at a 4 percent annual rate from July through September, faster than previously estimated, according to government figures that suggest the expansion may continue at a similar pace into 2005.
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US retail sales excluding autos rose for a fourth month in August, suggesting stronger consumer spending that will help the economy accelerate this quarter.
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US stock futures jumped on Friday, pointing to a firm market open, after a government report showed US September retail sales rose higher-than-expected.
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Global CD sales in 2006 have slumped "more than expected", according to an industry report.
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As physical CD sales continue their  free fall, digital downloads again reached record sales figures  for the year.
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A swing to growth in U.S. album sales  and surging consumption of music on DVD helped slow the decline  in first-half global sales of recorded music, the trade body  for the world's largest record companies said Thursday.
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Sony predicts shipments of Blu-Ray DVD players could grow six times in the US as the rival format lowers its target.
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U.S. data shows slightly stronger-than-expected growth but also pricing pressures.
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A surprisingly big climb in US retail sales in September and a larger-than-expected gain in underlying producer prices bolstered hopes for an economic revival and views
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The US economy will expand by 4 percent this year, sustaining the recovery begun in 2002, a senior US Treasury official said Sunday.