Economic Report: Retail Sales – March

According to the monthly Commerce Department report, retail sales, which account for about one-third of US GDP, fell slightly in March, following an upwardly-revised 0.3% gain in February. Total sales in March decreased 1.1%, much worse than the 0.3% increase forecasted by economists. For the quarter, January’s 1.9% gain was the first monthly increase since June 2008 and the .. read more