Daily News Archive
Brought to you by Home Furnishings Business
4-Year Slump in Retail Sales Signals Worried U.S. Consumer
July 15,
2012 by in UnCategorized 
By Aggregated Content in economic news on July 16, 2012
from http://www.forbes.com/sites/abrambrown/2012/07/16/four-year-slump-in-retail-sales-signal-worried-u-s-consumer/
Retailers saw fewer customers for the third consecutive month in June, a signal that weak job growth is forcing U.S. consumers to pare back purchases.
Sales fell be 0.5% to $401.5 billion, from the unrevised $403.4 billion in May, new Commerce Department data shows. Economists hoped that retail sales would rebound by 0.2%.
Read Full Article...