The US retails sales continue to remain sluggish after all these months of global recession. The sales figure for the retail industry showed the highest amount so far this year in September 2009. The sales figure was down by 1.5 percent, according to the US Commerce Department, but did better than it was expected.
The consumer spending is a huge part of the US economy. The consumer spending has plummeted over the course of last few months. However, the car sales still have contributed to poor retail sales figure. The late Labor Day did help the retailers sell their merchandise in September that would have been otherwise purchased in the month of August.
The auto industry witnessed a drop of 10.4 percent. However, with the government initiative to pay out up to $4500 to give up the older model and replace it with more fuel efficient cars, has helped a bit. The sales in the merchandise stores like Target and Wal-Mart show an improvement of 0.9 percent. Analysts opine that furniture sales are up by 1.4 percent, again a sign of improvement in the housing industry.
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