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U.S. Economy: Retail Sales Unexpectedly Fall for Second Month
JICWyllie
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5-13-2009 1:15 PM
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1-spending
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2-decrease
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3-reported
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4-us
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7475c8c7-e005-41ea-bdd7-0cd1d7903922/776C0A37-A7AF-479F-990D-27629D7328ED/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&sid=aY.wKp__I7kE&refer=home" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aY.wKp__I7kE&refer=home" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aY.wKp__I7kE&refer=home"> Retail sales in the U.S. unexpectedly dropped in April for a second month, indicating that rising <A href="http://www.bloomberg.com/apps/quote?ticker=USURTOT:IND" T_ABOVE="true" T_STATIC="true" T_FONTCOLOR="#000000" T_FONTFACE="Verdana,sans-serif" T_BGCOLOR="#ddedd9" T_WIDTH="110" T_DELAY="50">unemployment</A> is prompting consumers to conserve cash. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aY.wKp__I7kE&refer=home"><P aria-level="0" aria-posinset="0" aria-setsize="0">The 0.4 percent decrease followed a revised 1.3 percent drop in March that was larger than previously estimated, the Commerce Department said today in Washington. Other reports showed companies continued to cut stockpiles as demand slowed, and climbing oil costs pushed up prices for imported goods. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aY.wKp__I7kE&refer=home"><P aria-level="0" aria-posinset="0" aria-setsize="0">Fewer jobs, falling home values and the biggest loss of household wealth on record may limit consumers’ ability to spend for years, analysts said. Stocks dropped for a third day as the reports indicated any recovery from the worst recession in at least half a century is likely to be subdued. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aY.wKp__I7kE&refer=home">Prices of goods <A href="http://www.bloomberg.com/apps/quote?ticker=IMP1CHNG:IND" T_ABOVE="true" T_STATIC="true" T_FONTCOLOR="#000000" T_FONTFACE="Verdana,sans-serif" T_BGCOLOR="#ddedd9" T_WIDTH="110" T_DELAY="50">imported</A> into the U.S. climbed 1.6 percent in April, more than three times as much as forecast, a report from the Labor Department also showed.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/776C0A37-A7AF-479F-990D-27629D7328ED/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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