US retail sales fell in March after two months of rises, tempering hopes that consumers are becoming more confident about the economy.
Sales fell by 1.1% from February, and by 9.4% compared with a year earlier. Many analysts had expected sales to increase after two months of rises.
Sales at electronics stores were hit hardest, falling by 5.9%. Car and auto parts dealers saw sales fall by 2.5%.
Producer prices also fell in March, by 1.2%, after two months of rises
No comments:
Post a Comment