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Spring Retail Spending Swoon Could Extend into Summer
U.S. retail and food services sales showed a positive increase of one-tenth of a percent last month to $419 billion. Although meager, the improvement surprised most economists who had predicted a second consecutive month of slight spending declines. Despite the improvement from the surprising decline of 0.5% in March, the Washington, DC-based Conference Board said the recovery in retail buying in April reflected a lack...
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