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July 14, 2006
Retail Sales Slip In June
Retail sales dipped a surprising 0.1% in June as consumers curtailed their spending in the face of higher gas prices and interest rate pressures.
The drop came as a bit of a shock to economists who had predicted growth of 0.4% for the month.
Despite the disappointing figure, June sales were still 5.9% higher than a year ago, ringing in at $363.8 billion.
Posted by Blacks on July 14, 2006 09:24 AM
