View full page at forexfactory.com

 

Retail Sales in U.S. Dropped in March by Most in Nine Months

From bloomberg.com

Retail sales in the U.S. unexpectedly fell in March by the most in nine months as employment slowed, showing households ended the first quarter on softer footing. The 0.4 percent decrease, the biggest since June, followed a 1 percent gain in February, Commerce Department figures showed today in Washington. The median forecast of 85 economists surveyed by Bloomberg called for an unchanged reading in March. Department stores and electronics dealers were among the weakest showings. The figures may prompt economists, who are projecting consumer spending climbed in the first quarter at the fastest pace in two years, to ... (full story)

Story Stats

  • Posted:
  • Category: High Impact Breaking News