Articulo 1 - Articulo 1 WASHINGTON Retail sales fell in...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Articulo 1 WASHINGTON .- Retail sales fell in March as job losses and difficulties in accessing credit became more cautious U.S. consumers by moderating the hopes of a speedy economic recovery. After a slight improvement this year compared to late last year, retail sales fell 1.1% in March from the previous month, announced Tuesday the Commerce Department. Although the credit problems hit car sales particularly strong, declines were recorded in most major categories, from appliances to furniture and clothing. Total retail sales fell 11% over March last year. The main message is that consumer spending, which accounts for 70% of U.S. economic activity will probably not rebound quickly. Consumers affected by the weak labor market and the steep decline of property, remain cautious. The retail sales report injected a dose of realism after weeks marked by hope that the recession was close to hitting bottom. The Federal Reserve chairman, Ben Bernanke, described in a speech yesterday to the recent reports of sales and housing construction, consumer spending, including sales of new vehicles, as "tentative signs that the...
View Full Document

This note was uploaded on 01/10/2010 for the course 12321 1231234 taught by Professor Smalls during the Spring '09 term at American University of Science & Tech.

Page1 / 2

Articulo 1 - Articulo 1 WASHINGTON Retail sales fell in...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online