June retail sales fell 0.2 percent, weighed down by declines in receipts at service stations, clothing stores and supermarkets. Americans also cut back on spending at restaurants and bars, as well as on hobbies. This decline, the second in two months, could temper expectations of strong acceleration in economic growth in the second quarter.
READ MORE
Friday, July 14, 2017
June retail sales fell 0.2 percent
at 12:39 PM
Labels: consumer spending, economic growth, retail sales, U.S. economy
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment