Gains in Retail Sales from a Year Ago

Retail sales are the best that they have been all year, but are only at levels seen back in 2005. Stephanie Rosenbloom from the New York Times says in an article that she wrote,

Over all, for September, the retailing industry posted a 0.6 percent sales increase for stores open at least a year, according to Thomson Reuters. That figure is higher than analysts expected, and underscores that the rate of economic deceleration has stabilized. Several chains on Thursday also increased their earnings guidance.

Hopefully this is a sign that our economy is beginning to stabilize and slowly start picking up again, although it seems that it will be awhile before the economy fully recovers.