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Retail sales jumped 2.7 percent in August, the biggest increase in over three years. The government’s ‘Cash-for-Clunkers’ sales factored into that jump, but even without that program, sales rose 1.1 percent. Does this mean the economy’s on the upswing?
Retail sales jumped 2.7 percent in August, the biggest increase in three and a half years. The government’s “Cash-for-Clunkers” sales factored into that jump, but even without that program, sales rose 1.1 percent. Do these numbers mean the economy’s on the upswing? To help us answer this, we talk to Kelly Evans, reporter for the Wall Street Journal.