Economic Recovery : Retail Sales UP
US Federal Reserve Chairman Ben Bernanke on Tuesday said the US recession seemed likely to have ended. in August retail sales rise by 3.7% — the highest in three-and-a-half years. US industrial activity in August was at 0.8%, better than the expected 0.6%, and consumer prices rose a stronger-than forecast 0.4%. Japan’s Nikkei recorded a 0.5% rise. Germany’s DAX rose 1.3%, Britain’s FTSE 1.6%, and France’s CAC-40 1.6%. Australia was up by 2%.