Retail Sales Drop Points to U.S. Consumer Slowdown: Economy
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Retail sales in the U.S. dropped in March by the most in nine months, pointing to a slowdown in consumer spending as the first quarter drew to a close.
Purchases fell 0.4 percent, the biggest setback since June, after jumping 1 percent in February, according to Commerce Department figures issued today in Washington. Consumer sentiment took a hit this month after employment cooled, a report from Thomson Reuters/University of Michigan also showed.