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LATEST US DATA

March retail sales fall unexpectedly by 0.3 per cent

Drop in purchases raises concern that consumer spending is losing momentum
Thursday, April 14, 2016 - 05:50

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Sustained gains in consumer spending are needed at a time when exports are still depressed by cooling global markets.

Washington

SALES at US retailers unexpectedly fell in March, raising concern that consumer spending is losing momentum.

The 0.3 per cent drop in purchases followed little change in the prior month, Commerce Department figures showed on Wednesday. The decrease was led by the biggest

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