Pre Christmas Sales UpPosted by Phil Ferguson on December 28th, 2009 – 1 Comment – Posted in Economy
NOTE: This post is part of an ongoing education series. This information is for educational purposes only. This information does not constitute investment advice. No rational person would make investment decisions based on a blog post. Please consult with your financial advisor before taking any action.
According to data released by the National Retail Federation, retail sales from Nov. 1 to Dec. 24 2009 are up 3.6% as compared to the same period in 2008. Sales for the same period in 2008 were down 2.3% when compared to 2007.
Retail makes up 70% of the GDP (Gross Domestic Product) in the United States. A very strong sign that the economy is growing.