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Retail Sales Probably Declined in April: U.S. Economy Preview

Retail sales probably fell in April for a second consecutive month and manufacturing stalled, indicating the world’s largest economy is cooling, economists said before reports this week.

The 0.3 percent drop in purchases would follow a 0.4 percent decline in March, according to the median forecast of 74 economists surveyed by Bloomberg ahead of Commerce Department figures tomorrow. Excluding automobiles and gasoline, sales probably climbed. Other data may show industrial production decreased in April.