Uncategorized

Weak U.S. retail sales, industrial output highlight slowing economy

U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost from exports and inventories in the first quarter.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/t-OMLuLUVPI/weak-u-s-retail-sales-industrial-output-highlight-slowing-economy-idUSKCN1SL1JX