Vital Signs: Consumers Keep a Lid on SpendingJames Cooper
One of the green shoots that emerged in recent weeks turned brown in April. Retail sales last month were decidedly weaker than expected, falling 0.4% from March, when they dropped 1.3% from February. Most economists had expected a small gain, based on rising consumer confidence, a later-than-usual Easter, and the April kick-off of the Making Work Pay tax reduction.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Marc Faber Asked to Leave Sprott Board After Racist Report
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing