Sunday, September 14, 2008

US retail sales fall unexpectedly

(FT.com) US retail sales stores fell last month for the second month in a row as the boost from tax rebates slipped away and a sharp decline in energy prices failed to encourage consumers to spend on other goods, data from the Commerce Department showed on Friday.

Retail sales fell 0.3 per cent in August, against economists’ expectations of a 0.2 per cent rise.

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