Conflicting Economic Data

June 2006
Music Trades;Jun2006, Vol. 154 Issue 5, p16
The article reports on the increase in the retail sales in the U.S. in March 2006, due to the strength in automobile and building materials sales, according to the Commerce Department. The increase in sales exceeded the rate forecasted by economists. However, according to a research from the University of Michigan, along with the increase is a decline in consumer sentiment in the same time frame. The decline was attributed to rising gasoline prices.


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