Retail Sales Inch Up Slightly

May 14, 2012  by in UnCategorized   

By Aggregated Content in economic news on May 15, 2012 from http://www.santacruzsentinel.com/business/ci_20626544/us-retail-sales-rose-slight-0-1-percent

Lower gas prices in April weren't enough to embolden U.S. consumers to spend more elsewhere.

The Commerce Department said retail sales rose only 0.1 percent last month. Even after excluding gasoline station sales, consumers increased their spending on retail goods by just 0.2 percent.

That followed two stronger months in February and March. Some economists say a mild winter led consumers to make purchases earlier in the year, effectively stealing sales from April.

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