St Louis Commercial Financing News: Retail Sales Up For Now
Home Mortgage and Commercial Loans | Principal Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia

The Commerce Department said total retail sales rose 0.6 percent from the previous month to $367.7 billion, compared with August’s upwardly revised 0.7 percent jump.

Economists surveyed by Briefing.com had anticipated that September sales would grow 0.4 percent.

Consumer spending accounts for two-thirds of U.S. economic activity, and related reports such as retail sales are closely watched to gauge the strength of the economy.

Sales excluding autos and auto parts rose by 0.4 percent from August. Analysts expected sales ex-autos to jump 0.4 percent.

Strength in auto, electronics and online sales paced the September incline.

Auto and other motor vehicle dealers sales were up 1.6 percent over August and 19 percent over a year earlier.

Electronics stores reported a 1.5 percent increase over August, while online stores ticked up by 1 percent .

In a separate report released last week, individual retailers reported strong sales results for September.

Thomson Reuters, which tracks same-store sales for a group of 28 national chains, said total sales for the group rose 2.8 percent in September.

An important gauge of a retailer’s health, same-store sales have been on the rise for 13 months in a row, according to Thomson Reuters.

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When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at 314-336-9111 and ask for Steve Swan or Doug Stahlschmidt.

For business owners looking for small business loans and alternative financing that works including home owners who are credit challenged or upside down on their home loan, call Floyd Tapia, host of the St. Louis “Mortgage Minute” at 314-334-0210.

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St Louis Finance News: Sales Are Reportedly Up In the Retail Industry
News Press Hot Line: 314-334-0210 | Floyd Tapia

Recent news from the Commerce Department states that total retail sales rose 0.4 percent to $362.7 billion compared with June’s 0.3 percent decrease. The June drop was revised from the originally reported 0.5 percent.

The overall sales percentage gain was slightly lower than anticipated. Economists surveyed by Briefing.com had expected sales would rise by 0.5 percent during the month.

Since consumer spending accounts for nearly two-thirds of the United States economic activity, it only makes sense that retail sales and related reports are closely monitored to gauge the health of the economy.

Sales excluding autos and auto parts rose 0.2 percent last month, in line with economists’ forecasts. In June, sales on the same basis were down 0.1 percent.

Motor vehicle and parts sales also rose 1.6 percent in the month, and gasoline store sales rose 2.3 percent.  Overall, retail sales are up 5.5 percent over July last year.

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When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at 877-334-0210 and ask for Steve Swan or Doug Stahlschmidt.

For business owners looking for small business loans and alternative financing that works, call Floyd Tapia, host of the St. Louis “Mortgage Minute” at 314-334-0210. He is a successful hedge fund originator assisting local and national business owners in getting private and public St Louis finance and commercial lending with no upfront fees.

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St Louis Home Mortgage News: Second Month In A Row Retail Sales Down [News Hot Line: 314-334-0210 | Floyd Tapia]

Nationwide retail sales fell almost $360 billion or 0.5 percent in June 2010 according to the Commerce Department which was compared with May’s upwardly revised 1.1 percent decrease.

Many economists who were surveyed by Briefing.com originally thought that sales would slip by only 0.2 percent during June.

The industry that led this worse than expected slump were autos.  Motor vehicle and parts sales dropped a whopping 2.3 percent providing nearly half of the losses during the month.

This is compared to the 0.1 percent drop in the automotive industry in sales which excluded autos and auto parts.

Once again, economists had projected these sales to hold steady in June.

Looking at other industries, sales at gasoline stations fell about 2 percent.  Furniture sales dropped for a third month in a row.

Building material sales fell once again for a second straight month which may be linked to the downward trend in the housing activity naturally following the expiration of the home buyer tax credit.

However, all was not falling as electronic and appliance stores sales rose 1.3 percent during June probably being helped by the release of new products such as Apple’s iPhone 4.

Overall, retail sales were up almost 4.8 percent over this same period back in 2009.

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When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at 877-334-0210 and ask for Steve Swan or Doug Stahlschmidt.

For business owners looking for small business loans and alternative financing that works, call Floyd Tapia, host of the St. Louis “Mortgage Minute” at 314-334-0210. He is a successful hedge fund originator assisting local and national business owners in getting private and public St Louis finance and commercial lending with no upfront fees.

Sponsored by:

Check back daily for more financial news.

St Louis Mortgage Refinancing and Real Estate News –

News: Bernanke Says America Has Difficult Choices Ahead

With the economy in shambles, the Federal Reserve Chairman, Ben Bernanke, has warned that the United States will face difficult choices over the next couple of years as it moves forward in addressing its debt burden.

As he formally addressed the congressional Joint Economic Committee, Bernanke remarked that:  “Addressing the country’s fiscal problems will require difficult choices, but postponing them will only make them more difficult.”

He added that “significant restraints on the pace of the recovery remain, including weakness in both residential and non-residential construction and the poor fiscal condition of many states and local governments.”

Looking at the retail market, sales were up by 1.6 percent in March.  Yet, Bernanke  as well as the St Louis lending community continues to remain cautious about any type of quick recovery.

Retail sales have shown an improvement during the first quarter of 2010.

Sad to say that some of this upsurge has been accredited to many consumers taking their mortgage payments and fraudulently using it to purchase frivolous items instead of paying their St Louis home loan.

And although the rate of new job losses is slowing, there is no optimistic sign of employers offering new job vacancies.

An incredible 44 percent of the unemployed have been without work for more than 6 months.

Long-term unemployment is believed to be a more stubborn and insoluble problem to cure especially since the unemployed themselves become disillusioned and their skills become somewhat rusty or spotty.

The level of unemployment in the United States is hovering around the 10 percent mark.

Approximately 8.5 million jobs have been lost as a result of the global recession.

And economists have said it would take 200,000 new jobs per month for the next 7 years to get back to where we were before this economic collapse took place.

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When applying for a St Louis mortgage or to discuss current St Louis home loans, call the recognized St Louis refinancing experts, at 877-334-0210 or 314-334-0210 and ask for Steve Swan, Doug Stahlschmidt or syndicated columnist Floyd Tapia, the host of the St. Louis Refinancing “Mortgage Minute.”

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