Economics
Second Straight Drop in U.S. Retail Sales Shows Tepid Spending
Retail Bust Could Rival Energy, Says Houlihan's Adelson
This article is for subscribers only.
Retail sales unexpectedly dropped for a second month in June, signaling consumers are providing only modest support for the U.S. economy, Commerce Department data showed Friday.
• Purchases dropped 0.2% (forecast was 0.1% gain) after falling 0.1% the prior month (previously reported as 0.3% drop)