Posted on 04/13/2016 5:43:09 AM PDT by mykroar
U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles, further evidence that economic growth stumbled in the first quarter.
The Commerce Department said on Wednesday that retail sales declined 0.3 percent last month after being unchanged in February. Economists polled by Reuters had forecast retail sales edging up 0.1 percent last month.
Retail sales excluding automobiles, gasoline, building materials and food services ticked up 0.1 percent last month after an upwardly revised 0.1 percent gain in February.
These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. Economists had forecast core retail sales rising 0.3 percent last month.
(Excerpt) Read more at cnbc.com ...
Retail sales remain lackluster despite a strengthening labor market, which is starting to boost wages.
The value of sales is also being restrained by low prices, as retailers offer huge discounts to clear unwanted merchandise clogging up warehouses.
And of course, the markets are loving the bad news - up 80 as I post.
And of course, the markets are loving the bad news - up 80 as I post.
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Not to worry about a “bump in the road”. Another Recovery Summer is just around the corner. /sarc
Sound like a recession on the horizon
The prospect of more free money from Mama Yellen always perks up this FED dependent economy. There is nothing genuine about the business cycle after almost eight years of government “help.” Wall St. is as happy with that as the Democrat woman who loves her “free” Obama phone.
I've monitored the Bloomberg economic calender for several months now, what I've noticed is at least 8 out of 10 reports come in to the negative or flat.
What in the hell is keeping this market afloat?
You most likely already saw this but ...
Don’t know why they even report this sort of thing anymore.
In obama’s Marxist State, both money and private property are anachronisms.
The belief that Cruz will win the contested primary and then soundly defeat the Hildabeast and bring back constitutional principles, lower taxes, and cause our economy to surge again????? Just guessin'
My inbox filling-up with increasingly desperate coupon deals was my first clue.
But, but..... Bernie will make everything free!
Sooo, jus wait a bit, no need to by notin’!
FORWARD!
“Unexpected?” Drink!
Perhaps "just daydreanin"? :-)
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