Sales at U.S. retailers fell in March for the second month in a row, marking the worst two-month stretch in two years and adding to evidence that first-quarter U.S. growth will be on the soft side.
retailers nationwide declined 0.2% last month, mostly because of
cheaper gas and incentives by car dealers to drum up sales. Slower-than
usual issuances of tax refunds may have also contributed to weaker
spending in the early spring.
What made the decline seem even
worse, though, was a government update to sales figures for February
that showed a 0.3% drop instead of a 0.1% increase as originally
reported.. . . more