Tuesday, July 17, 2012

May Retail Sales Fall

http://www.retailonlineintegration.com/aggregatedcontent/retail-purchases-us-unexpectedly-decrease-05
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. 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.