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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Haim R. Branisteanu who wrote (6274)5/13/2004 8:55:19 AM
From: mishedlo  Read Replies (1) of 116555
 
U.S. retail sales fall 0.5% in April
WASHINGTON (CBS.MW) - U.S. retail sales dropped 0.5 percent in April, reversing only part of March's 2 percent rise, the Commerce Department estimated Thursday. It was the first decline in seasonally adjusted sales since September. Economists were expecting a decline of about 0.3 percent, according to a survey conducted by CBS MarketWatch. Excluding the 1.8 percent drop in auto sales, retail sales fell 0.1 percent compared with the expectation of a 0.3 percent drop. Year-to-date sales are up 9.2 percent. Building and garden store sales fell 0.7 percent in April after a record 11 percent gain in March. Department store sales fell 1.7 percent. Other sectors, including electronics, furniture and food, were strong.
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