Consumer spending could be stabilizing - Trade Only Today

Consumer spending could be stabilizing

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U.S. retail sales, excluding automobiles, rose in the first two months of 2009.

According to the Financial Post, the increase suggests U. S. consumer spending — the main driver of the economy for years — may be stabilizing.

"The latest retail sales report is an important one, for it increases the probability that this recession is starting to wind down," Bernard Baumohl, chief global economist with the Economic Outlook Group, told the newspaper.

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HydroHoist Marine Group, Inc. (HMG), founded in 1964, is the world’s leading hydro-pneumatic boat lift company specializing in the manufacture, sale and service of boat lifts, power pedestals through our innovative HyPower division and other marine related products.