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Article: ECONOMY WATCH.(BUSINESS)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: State Journal staff, wire services
RETAIL UPDATE: Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government's Cash for Clunkers program. But outside of autos, sales were better than expected. The Commerce Department said Wednesday that retail sales dropped 1.5 percent last month. Car sales plunged 10.4 percent, but excluding autos, retail sales rose 0.5 percent. That's better than the 0.2 percent increase analysts expected.
COMMODITIES: Gold prices soared to a new record high of $1,072 an ounce in early trading Wednesday, before giving up 30 cents to settle at $1,064.70 an ounce ...