Pursuits
Retail Sales in U.S. Probably Fell on Cooling Automobile Demand
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Retail sales probably fell in April for a second consecutive month, hurt by cooling demand for automobiles, economists said before a report today.
The 0.3 percent drop last month would follow a 0.4 percent decline in March, according to the median forecast of 74 economists surveyed by Bloomberg. Falling gasoline prices also hurt service-station receipts, overshadowing gains at discounters including TJX Cos.