Pursuits
Retail Sales Probably Declined in June: U.S. Economy Preview
This article is for subscribers only.
Retail sales in the U.S. fell in June for a second month and industrial production cooled, signs the expansion will moderate in the second half, economists said before reports this week.
Purchases fell 0.3 percent after a 1.2 percent decline in May, according to the median estimate of 59 economists in a Bloomberg News survey ahead of figures due July 14. Production at factories, mines and utilities declined 0.1 percent last month, the Federal Reserve may report the next day.