Retail sales in the United States ended the first quarter in a downbeat mode as they declined by 0.3% between February and March. Expectations were for retail sales to rise by 0.1% month-on-month in March. An upward revision to February’s figure was not enough to lift the gloom for the first quarter as it was only revised up from -0.1% to 0.0%, while January’s reading was revised down from 0.2% to -0.4%. March retail spending was dragged lower by a [..]
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