(CBS/AP) U.S. retail sales fell unexpectedly in March, delivering a setback to hopes that the economy's steep slide could be bottoming out.
The Commerce Department said Tuesday that retail sales dipped 1.1 percent in March. It was the biggest decline in three months and a much weaker showing than the 0.3 percent increase that analysts expected.
A big drop in auto sales led the overall slump in demand. Sales also plunged at clothing stores, appliance outlets and furniture stores. - CBS News Story
What is the significance of this, it is the biggest decline since Obama has taken office. And after the Trillions of Dollars have been put toward the economy. And on a day when he says that there is light at the end of the tunnel. There is always light at the end, the question is whether that light is good or a train coming right at us.
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