Friday, May 11, 2007

Retail sales take surprise drop in April

(Reuters) - Excluding automobiles that account for 20 percent of total retail business, sales were flat in April but that was following a 1.1 percent March increase.

The sales figures came in much weaker than Wall Street economists had forecast and will reinforce worry that consumers will have difficulty sustaining their spending punch that fuels two-thirds of national economic activity.


Read more at Reuters.com Business News

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