Retailers post sluggish sales in March
By ANNE D'INNOCENZIO, AP Business Writer
10 Apr 2008
NEW YORK - The nation's retailers reported the weakest March sales in 13 years on Thursday as consumers — fretting about mounting economic problems and enduring a frigid Easter — limited their shopping to food and other essentials.
Just a reminder: "Personal consumption expenditures" (consumer spending) accounts for 70% of GDP.
If consumers are limiting their spending to "food and other essentials" that does not bode well for the economy!
Have a nice day.
Pull My Finger POTUS
6 hours ago
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