Consumers bought more furniture, electronics and garden equipment; also paid more for gas – Dominion Lending Centres Clearlease Reports

Consumers bought more furniture, electronics and garden equipment; also paid more for gas – Dominion Lending Centres Clearlease Reports

WASHINGTON – (April 14, 2011) Dominion Lending Centres Clearlease Reports Consumers spent more in March on furniture, electronics and at restaurants, but also paid more for gas.

Retail sales increased 0.4 per cent last month, the Commerce Department said Wednesday. It was the ninth consecutive monthly gain.

The increase shrank to a 0.1 per cent when sales at gasoline stations were excluded. Still, the biggest decline in auto sales in more than a year also pulled down overall sales. When taking out sales at gas station and of autos, retail sales rose 0.6 per cent.

Many analysts considered that a solid gain, given the jump in gas prices and the fact that Easter is coming later this year. They also noted that sales in the previous two months were revised up to show slightly better gains.

Jennifer Lee, senior economist at BMO Capital Markets, said the new report was “pretty decent … considering all of the headwinds the consumer is facing.”

Businesses are stocking up based on the increased demand. A separate Commerce report said companies added to their stockpiles in February for a 14th straight month. And their sales increased for an eighth consecutive month. Healthy gains in sales and inventory restocking typically lead to more demand for U.S. factory goods.

Economists are hoping that a payroll tax cut and brighter outlook for job growth will keep consumers shopping this year. Consumer spending accounts for 70 per cent of economic activity.

But analysts worry that the recent spike in energy prices will not leave shoppers with much left over to spend on other goods and services. The nationwide average for regular gasoline is now $3.80 a gallon, up from $3.56 a month ago, according to the motor club AAA.

For March, sales of autos dropped a sharp 1.7 per cent, the biggest decline since February 2010. However, some of the weakness was because General Motors scaled back incentive offers. Economists believe the outlook for auto sales for the rest of this year remains bright, given improving job prospects.

Shoppers did spend 3.6 per cent more at furniture stores. Sales were also rose at appliance stores and specialty clothing stores. Sales at general merchandise stores, the category that includes big retailers such as Wal-Mart, rose 0.4 per cent.

However, sales at just department stores such as Macy’s saw a 0.2 per cent drop in March. A survey of major retailers from Costco to Victoria’s Secret had reported surprisingly good sales for March.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
Consumers bought more furniture, electronics and garden equipment; also paid more for gas - Dominion Lending Centres Clearlease Reports

WASHINGTON – (April 14, 2011) Dominion Lending Centres Clearlease Reports Consumers spent more in March on furniture, electronics and at restaurants, but also paid more for gas.

Retail sales increased 0.4 per cent last month, the Commerce Department said Wednesday. It was the ninth consecutive monthly gain.

The increase shrank to a 0.1 per cent when sales at gasoline stations were excluded. Still, the biggest decline in auto sales in more than a year also pulled down overall sales. When taking out sales at gas station and of autos, retail sales rose 0.6 per cent.

Many analysts considered that a solid gain, given the jump in gas prices and the fact that Easter is coming later this year. They also noted that sales in the previous two months were revised up to show slightly better gains.

Jennifer Lee, senior economist at BMO Capital Markets, said the new report was “pretty decent … considering all of the headwinds the consumer is facing.”

Businesses are stocking up based on the increased demand. A separate Commerce report said companies added to their stockpiles in February for a 14th straight month. And their sales increased for an eighth consecutive month. Healthy gains in sales and inventory restocking typically lead to more demand for U.S. factory goods.

Economists are hoping that a payroll tax cut and brighter outlook for job growth will keep consumers shopping this year. Consumer spending accounts for 70 per cent of economic activity.

But analysts worry that the recent spike in energy prices will not leave shoppers with much left over to spend on other goods and services. The nationwide average for regular gasoline is now $3.80 a gallon, up from $3.56 a month ago, according to the motor club AAA.

For March, sales of autos dropped a sharp 1.7 per cent, the biggest decline since February 2010. However, some of the weakness was because General Motors scaled back incentive offers. Economists believe the outlook for auto sales for the rest of this year remains bright, given improving job prospects.

Shoppers did spend 3.6 per cent more at furniture stores. Sales were also rose at appliance stores and specialty clothing stores. Sales at general merchandise stores, the category that includes big retailers such as Wal-Mart, rose 0.4 per cent.

However, sales at just department stores such as Macy’s saw a 0.2 per cent drop in March. A survey of major retailers from Costco to Victoria’s Secret had reported surprisingly good sales for March.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Consumers bought more furniture, electronics and garden equipment; also paid more for gas – Dominion Lending Centres Clearlease Reports

WASHINGTON – (April 14, 2011) Dominion Lending Centres Clearlease Reports Consumers spent more in March on furniture, electronics and at restaurants, but also paid more for gas.

Retail sales increased 0.4 per cent last month, the Commerce Department said Wednesday. It was the ninth consecutive monthly gain.

The increase shrank to a 0.1 per cent when sales at gasoline stations were excluded. Still, the biggest decline in auto sales in more than a year also pulled down overall sales. When taking out sales at gas station and of autos, retail sales rose 0.6 per cent.

Many analysts considered that a solid gain, given the jump in gas prices and the fact that Easter is coming later this year. They also noted that sales in the previous two months were revised up to show slightly better gains.

Jennifer Lee, senior economist at BMO Capital Markets, said the new report was “pretty decent … considering all of the headwinds the consumer is facing.”

Businesses are stocking up based on the increased demand. A separate Commerce report said companies added to their stockpiles in February for a 14th straight month. And their sales increased for an eighth consecutive month. Healthy gains in sales and inventory restocking typically lead to more demand for U.S. factory goods.

Economists are hoping that a payroll tax cut and brighter outlook for job growth will keep consumers shopping this year. Consumer spending accounts for 70 per cent of economic activity.

But analysts worry that the recent spike in energy prices will not leave shoppers with much left over to spend on other goods and services. The nationwide average for regular gasoline is now $3.80 a gallon, up from $3.56 a month ago, according to the motor club AAA.

For March, sales of autos dropped a sharp 1.7 per cent, the biggest decline since February 2010. However, some of the weakness was because General Motors scaled back incentive offers. Economists believe the outlook for auto sales for the rest of this year remains bright, given improving job prospects.

Shoppers did spend 3.6 per cent more at furniture stores. Sales were also rose at appliance stores and specialty clothing stores. Sales at general merchandise stores, the category that includes big retailers such as Wal-Mart, rose 0.4 per cent.

However, sales at just department stores such as Macy’s saw a 0.2 per cent drop in March. A survey of major retailers from Costco to Victoria’s Secret had reported surprisingly good sales for March.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###



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