March retail sales fall, second straight month

Washington • Americans pulled back on their spending at auto dealers and restaurants in March, causing retail sales to drop despite signs of a healthy job market. Retail sales fell a seasonally adjusted 0.2 percent, the Commerce Department said Friday, after a revised 0.3 percent drop in February. But over the past 12 months, retail sales have risen 5.2 percent, a sign that that the economy remains on stable footing. Still, there are signs that consumers are growing more cautious even though the...

Share this post