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Retail sales drop by 0.3 percent in August
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| Contributor | RP |
| Last Edited | RP Sep 14, 2004 11:53am |
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| Category | General |
| News Date | Tuesday, September 14, 2004 06:00:00 AM UTC0:0 |
| Description | Shoppers turned tightfisted in August, dropping sales at the nation's retailers by 0.3 percent, providing fresh evidence of an erratic pace of consumer spending in recent months.
That matched analysts' expectations, while the decline in overall retail sales was slightly larger than the 0.1 percent dip that some analysts' were forecasting.
Separately, the deficit in the broadest measure of trade swelled to a record high of $166.2 billion in the second quarter of this year, up from a $147.2 billion deficit registered in the first quarter, the department said in a second report |
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