Power Capital Consulting
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Consumer Products
Retail Sales

February, 2009

The February 12th report revealed an uptick in Retail Sales of 1%, unexpected in light of recent job cuts and disappointing holiday sales.  The December rate declined by 3%, the last of seven months of descent in the indicator.

Building Materials fell by 3.2%, while gasoline increased by 2.6% correlating with recently rebounding prices.  Ongoing unemployment benefit numbers increased, although new claims decreased from 631,000 the prior week to 623,000.

U.S. business inventories fell 1.3%, the sharpest drop since October, 2001.  This is consistent with declining production and utilization of existing inventories to meet customer order requirements.

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