Retail sales drop in May, raising worries about recovery

Friday, June 11, 2010 - 08:46 in Mathematics & Economics

Spending fell 1.2%, the biggest dip in eight months. Auto sales were down 1.7%. Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing. The big drop raises new worries about the durability of the economic recovery. The Commerce Department that spending fell 1.2% last month. Auto sales were down 1.7% but...

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