U.S. retail sales report shows weak spending

U.S. retail sales report shows weak spending

Retail report raises questions about overall state of economy.

The latest U.S. retail sales report showed that consumers continue to exercise caution in spending. The U.S. Census Bureau announced April 13 that U.S. retail and foodservice sales for March were $446.9 billion, a decrease of 0.3% from the previous month and just 1.7% above March 2015. Ahead of the report, analysts had expected a 0.1% increase rather than a decline.

One analyst said the latest report raises key questions over the economic health of consumers as well as the outlook

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