Monday, July 16, 2012

What Was Selling In June?

Not enough.


Retail sales in the U.S. unexpectedly fell for a third month in June as limited employment gains took a toll on consumers.
The 0.5 percent drop followed a 0.2 percent decrease in May, Commerce Department figures showed today in Washington. The decline exceeded the most pessimistic forecast in a Bloomberg News survey that called for a median 0.2 percent gain in sales. Other reports today showed manufacturing in the New York region picked up this month and U.S. inventories increased in May.
The decline exceeded the most pessimistic forecast? Lovely...

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