US Retail Sales Unexpectedly Decline in a sign
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Posted On: 10/18/2019 7:38:19 AM
US Retail Sales Unexpectedly Decline in a sign that consumer economy could be cracking
ECONOMY
Thomas Franck
@TOMWFRANCK
KEY POINTS:
U.S. retail sales fell for the first time in seven months in September.
The report could raise fears that manufacturing-led weakness was spreading to the broader economy.
The U.S. government said retail sales dropped 0.3% as households slashed spending on building materials, online purchases and especially automobiles.
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