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Retail sales rise 1.4 percent in April amid doubts
Government data show April retail sales up 1.4 percent after March drop, with auto sales up 5.6 percent due to end of rebates and higher prices. Analysts caution the figure overstated real spending while nondurable goods gains may better reflect the consumer picture. Braniff International suspends all flights, offsetting some optimism about the economy.
MENTIONED IN THIS ARTICLE
Associated Press
Commerce Department
Jack Lavery
Merrill Lynch & Co
David Ernst
Evans Economics
Washington
Robert Parry
Security Pacific National Bank
Los Angeles
Braniff International