U.S. Economy: Retail Sales Fall for First Time Since September
Posted By thestatedtruth.com on June 11, 2010
June 11 (Bloomberg) — Sales at U.S. retailers unexpectedly dropped in May for the first time in eight months, indicating the rebound in consumer spending is cooling as Americans boost savings.
Purchases fell 1.2 percent, led by a record plunge in demand at building-material stores that may reflect the end of a government rebate on sales of energy-saving appliances, according to figures from the Commerce Department issued today in Washington. Another report showed consumer sentiment climbed this month to the highest level in two years.
From ShadowStats.com.
– Ski-Jump-Shaped DepressionÂ
– May Retail Sales Drop: Tentative Confirmation ofÂ
  Intensified Business DownturnÂ
– April Trade Deficit: A Negative for Second-Quarter GDP
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