U.S. Retail Sales Show New Weakness; Producer Prices Drop

WASHINGTON — U.S. retail sales unexpectedly plunged during March in a broad-based decrease that threw a shadow over recent signs of improvement in the slumping economy.

Retail sales decreased by 1.1% compared to the prior month, the Commerce Department said Tuesday. Economists expected an increase of 0.3%.

Sales in February were revised up, increasing 0.3% instead of dipping 0.1% as originally reported. January sales were revised up to an increase of 1.9% from an increase of 1.8%.

The big decline in March sales was a disappointment. The increases in January and February sales had temporarily ended a freefall in consumer …

via WSJ.com

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